Motive, an AI physical operations platform, said it has completed a $1.3 billion financing round, with General Catalyst participating through its Customer Value Fund. The company did not disclose its valuation in the round.
Motive also said it has withdrawn its previously filed S-1 registration statement, ending its earlier plan to list on the New York Stock Exchange. The company had planned to trade under the ticker MTVE and had selected JPMorgan, Citi, Barclays, and Jefferies as underwriters for the proposed offering.
The disclosure adds a new funding event to Motive’s recent capital-raising history. In July 2025, the company completed a $150 million financing round led by Kleiner Perkins. No additional details were provided in the announcement on why the IPO plan was scrapped or how the latest financing may affect future listing plans.
Motive, an AI physical operations platform, said it has completed a $1.3 billion financing round, with General Catalyst participating through its Customer Value Fund. The company did not disclose its valuation.
Motive also said it has withdrawn its previously filed S-1 registration statement, formally abandoning its plan to list on the New York Stock Exchange.
The company had earlier planned to go public under the ticker MTVE and had appointed JPMorgan, Citi, Barclays, and Jefferies as underwriters.
Motive previously completed a $150 million financing round in July 2025, led by Kleiner Perkins.
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