On November 7, 2021, H2O.ai, Inc. closed the transaction. The company received $100,000,000 in a round of funding led by returning investor Commonwealth Bank of Australia. The transaction included participation from returning investors Goldman Sachs Asset Management, L.P. and Crane Venture Partners LLP, also included Pivot Investment Partners LLC and Celesta Capital. The company has raised $246,500,000 in funding till date. The transaction was raised at post-money valuation of $1,700,000,000 and $1,600,000,000 of pre-money valuation. As a part of the transaction Dr. Andrew McMullan of Commonwealth Bank of Australia will join board seat.