On January 18, 2022, Ironclad, Inc. closed the transaction. The company received $149,999,990.3766 in the transaction led by new investor Franklin Resources, Inc.. The transaction included participation from returning investors Accel Partners, Sequoia Capital Operations LLC, Lux Capital Management, LLC, Emergence Equity Management, Inc., Haystack Management Company LLC, Bond Capital Management LP and Y Combinator Continuity Fund I, L.P., a fund managed by Y Combinator Management LLC.

The round is raised at a valuation of $3,200,000,000.