On May 18, 2022, Thought Machine Group Limited closed the transaction. The company amended the terms of the transaction. The company has now raised $160 million (£128.987200 million) led by new investor Temasek Holdings (Private) Limited.

The company received £88.9872 million in its second tranche. The transaction also included participation from new investors, Morgan Stanley Private Equity and returning investors Eurazeo SE, ING Ventures, JPMC Strategic Investments I Corporation, Lloyds Banking Group plc, and SEB Venture Capital. The round was raised at a post-money valuation of $2.7 billion (£2.176659 billion).