On March 7, 2023, Zeda, Inc. closed the transaction. The company received $52,000,000 in its series B round of funding. The company has issued preferred shares, and non convertible debt in the transaction.

The series B round was jointly led by returning investors Boutique Venture Partners, Berkeley Catalyst Fund Management LLC, D. One Vision Management, Solvay Ventures, and included participation from multiple new institutional and strategic investors, including Compagnie Générale des Établissements Michelin Société en commandite par actions, Nippon Sanso Holdings Corporation, Fives SAS.