Onclave, Inc. announced that it has received $13.3 million in funding from Option3Ventures LLC, Pendrell Corporation
On August 4, 2020, Onclave Networks Inc closed the transaction. The company received an undisclosed amount in the transaction led by returning investor Pendrell Corporation (OTCPK:PCOA). The transaction included participation from new investor Option3Ventures LLC. As a part of the transaction, Gerard Salemme from Pendrell Corporation (OTCPK:PCOA) and Manish Thakur from Option3Ventures LLC have joined the board of directors.