Sigalon's IT Soup

AMEE, the US/UK-based startup that aims to build the largest engine for computing greenhouse gas emissions, has secured a $5.5m series B financing lead by Amadeus Capital Partners alongside existing investors, including O’Reilly AlphaTech Ventures and Union Square Ventures. AMEE will use the funding to expand its geographic reach and platform.

The prize AMEE is aiming for, known in the sector as “enterprise carbon management”, is expected to reach $4 billion by 2017 because of government and consumer pressure to address climate change. AMEE’s engine is now being used by companies offering carbon accounting or business intelligence software, as well as governments, multi-nationals and SMEs.