Kleiner Perkins Leads $150 Million Round in Motive

<p class&equals;"has-phoenix-gray-1-color has-text-color"><strong>SAN FRANCISCO <&sol;strong>– <a href&equals;"http&colon;&sol;&sol;www&period;gomotive&period;com&sol;">Motive<&sol;a>&comma; an AI-powered Integrated Operations Platform&comma; has raised &dollar;150 million in a new funding round led by Kleiner Perkins&comma; with participation from both existing investors and new investor AllianceBernstein&period; This additional capital will enable Motive to accelerate growth by further expanding its AI capabilities&comma; scaling internationally&comma; and sustaining momentum with enterprise customers&period;<&sol;p>&NewLine;<p>As part of this round&comma; Ilya Fushman&comma; Partner at Kleiner Perkins&comma; has rejoined Motive’s <a href&equals;"https&colon;&sol;&sol;gomotive&period;com&sol;company&sol;leadership&sol;">Board of Directors<&sol;a>&period; A long-time believer in the company’s mission and trajectory&comma; Fushman led Motive’s Series A in 2015 and backed the company again in its Series F in 2022&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Motive has solidified itself as a clear leader in bringing advanced AI to the physical economy&comma;” said Fushman&period; &OpenCurlyDoubleQuote;The company’s growth trajectory is a testament to the value it delivers to customers&period; We are proud to continue our partnership as Motive enters its next phase of global scale&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We continue to execute against a bold mission to empower the people who run physical operations with AI to make their work safer and more productive&comma;” said Shoaib Makani&comma; CEO and Co-founder of Motive&period; &OpenCurlyDoubleQuote;This funding allows us to extend our AI leadership&comma; enter new markets&comma; and expand our teams to support the world’s largest and most complex operations&period;”<&sol;p>&NewLine;<p>With this funding&comma; Motive will expand its AI capabilities to enhance every aspect of physical operations&comma; including <a href&equals;"https&colon;&sol;&sol;gomotive&period;com&sol;products&sol;driver-safety&sol;">driver safety<&sol;a>&comma; which already helps organizations <a href&equals;"https&colon;&sol;&sol;gomotive&period;com&sol;blog&sol;ai-safety-features&sol;">reduce collisions by up to 80&percnt;<&sol;a>&semi; service verification&semi; preventive maintenance&semi; fraud detection&semi; and automated coaching&period; These developments are helping customers streamline repetitive tasks&comma; improve safety&comma; and increase productivity&period;<&sol;p>&NewLine;<p class&equals;"has-phoenix-gray-1-color has-text-color">Motive serves nearly 100&comma;000 customers and 1&period;3 million drivers across industries like transportation and logistics&comma; construction&comma; oil and gas&comma; utilities and telecoms&comma; food and beverage&comma; agriculture&comma; the public sector&comma; and more— including global leaders like <a href&equals;"https&colon;&sol;&sol;gomotive&period;com&sol;blog&sol;fedex-freight&sol;">FedEx Freight<&sol;a>&comma; Cintas&comma; KONE&comma; Davey Tree&comma; ABM&comma; and CRH&period; Since 2024&comma; Motive has more than doubled its ARR from customers spending over &dollar;100&comma;000&comma; driven by the addition of hundreds of new enterprise customers and industry-leading net revenue retention of more than 130&percnt;&period;<&sol;p>&NewLine;

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