On March 31, 2021, PlusAI, Inc. closed the transaction. The company amended the terms of the transaction and received $220,000,000 in second and last tranche closing co-led by FountainVest Partners and ClearVue Partners. The tranche included participation from Quanta Computer Inc. (TSEC:2382), Phi Zoyi Capital, Millennium TVP Management Company, LLC, returning investors Sequoia China Investment Management LLP and Manbang Group.

SAIC Capital Company Limited also participated in the last tranche The company has received $420,000,000 funding in the transaction.