On October 6, 2023, Glydways, Inc. closed the transaction. The company has received $9,165,516 in its second and final tranche, bringing the total funds raised in the transaction to $56,000,000, including the conversion of notes valued at more than $28,000,000. The transaction was led by new investor, New Science Ventures, LLC, and included participation from other new investors, ACS, Actividades de Construcción y Servicios, S.A., and Gates Frontier, LLC, and returning investor, Khosla Ventures, LLC.

The company has raised a total more than of $70,000,000 in funding till date.