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Motive Raises $150 Million In Series F Funding

Motive Raises $150 Million In Series F Funding

05/25/22, 3:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$150 million
Round Type
series f
Motive, the leading Automated Operations Platform for the physical economy, announced today that it raised $150M in additional funding at a $2.85 billion valuation, co-led by Insight Partners and Kleiner Perkins. Motive will use this additional capital to scale its investment in three key areas: accelerate its investment in AI, expand its product suite into spend management, and grow its enterprise capabilities.

Company Info

Company
Motive
Location
san francisco, california, united states
Additional Info
Motive builds technology to improve the safety, productivity, and profitability of businesses that power the physical economy. The Motive Automated Operations Platform combines IoT hardware with AI-powered applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. Motive serves more than 120,000 businesses, across a wide range of industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery. Visit gomotive.com to learn more.