On April 7, 2021, Snorkel AI, Inc. closed the transaction. The company raised $35 million in series B round of funding led by returning investor Lightspeed Venture Partners. The transaction included participation from new investors Walden and funds managed by BlackRock, Inc. (NYSE:BLK) and retuning investors In-Q-Tel, Inc., GV, Greylock Partners, and Nepenthe Venture Group LLC. The company has raised $50 million in funding till date. As part of the transaction, Ravi Mhatre and Raviraj Jain of Lightspeed Venture Partners joined the company's board of directors.