Motive, a San Francisco, CA-based leading Automated Operations Platform for the physical economy, announced that it raised $150 million in Series F funding at a $2.85 billion valuation.

The round was 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: Motive Technologies, Inc.

Raised: $150.0M

Round: Series F

Funding Month: May 2022

Lead Investors: Insight Partners and Kleiner Perkins

Additional Investors: 

Company Website: https://gomotive.com/

Software Category: AI-powered Motive Automated Operations Platform

About the Company: 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.                            

Source: https://www.businesswire.com/news/home/20220525005292/en/Motive-Raises-150-Million-in-Series-F-Funding