On December 16, 2020, Group14 Technologies, Inc. closed the transaction. The transaction was led by new investor SK Materials Co., Ltd. (KOSDAQ:A036490) on December 16, 2020. The transaction included participation from returning investor OVP Venture Partners. The company has raised $35,000,000 in funding till date. The company has issued securities pursuant to exemption provided under Regulation D to 6 investors.