Onclave, Inc. announced that it will issue 1,300,000 series B-1 preferred shares at issue price of $7 per share for the gross proceeds $9,100,000 and 600,000 series B-2 preferred shares at issue price of $7 per share for the gross proceeds $4,200,000 for total gross proceeds of $13,300,000 in funding on May 27, 2020. The shares will be convertible in common shares at a fixed price of $7 per share. The round will be raised at post money valuation of $15,410,227. The company will issue securities pursuant to exemption provided under Regulation D.