AI Physical Operations Platform Motive Completes $1.3 Billion Funding Round and Abandons NYSE IPO Plans

Odaily reports that AI physical operations platform Motive has announced the completion of a $1.3 billion funding round, with General Catalyst participating through its Customer Value Fund. Specific valuation details have not yet been disclosed. Additionally, the company disclosed that it has withdrawn its previously filed S-1 registration statement, formally abandoning its plans to list on the NYSE. It is reported that Motive had previously planned to list under the ticker symbol "MTVE" and had arranged JPMorgan, Citi, Barclays, and Jefferies as underwriters. The company completed a $150 million funding round led by Kleiner Perkins in July 2025, and its cumulative funding now exceeds $700 million.