On May 4, 2022, Mosyle Corporation closed the transaction. The company has amended the terms of the transaction. The company has issued 6,747,526 series B-2 preferred shares for the gross proceeds of $162,501,343.4106 in its second and final trance closing.

The transaction was led by new investor Insight Venture Management, LLC, included participation from new investor StepStone Group Inc., existing investors Elephant Partners and Album VC. The company has raised $215,000,000 in funding till date. The company issued securities to 12 investors pursuant to exemption provided under Regulation D.