UK tech funding roundup: This week’s deals from Cloudsmith to Locai

This week’s UK tech funding deals include AI management platform Cloudsmith, synthetic fuel developer Rivan and more.

UKTN tracked £103.3m worth of UK tech investment this week (20 April to 24 April), a 35% week-on-week increase across eight funding rounds.

Here’s your weekly roundup of UK tech startup funding deals.

Cloudsmith – £53m

Sector: AI

HQ: Belfast

Round: Series C

Investors: TCV and Insight Partners

Founded in 2016, Cloudsmith is a cloud-native artifact management platform ‘built for the age of AI’.

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Rivan – £25m

Sector: Energy

HQ: London

Investors: IQ Capital and Plural

Founded in 2023, Rivan is developing synthetic fuel.

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Exergy3 – £10m

Sector: Energy

HQ: Edinburgh

Round: Seed

Investors: Axeleo Capital, Bayern Kapital, Kibo Invest, Scottish Enterprise, Zero Carbon Capital and Old College Capital and the University of Edinburgh…