Motive Raises $1.3 Billion and Cancels NYSE IPO Plans

AI physical operations platform Motive (Motive) has secured $1.3 billion in funding led by General Catalyst's Customer Value Fund. The company has officially withdrawn its S-1 registration statement, abandoning its planned listing on the New York Stock Exchange. Motive previously intended to list under the ticker "MTVE" with underwriters including JPMorgan Chase, Citi, Barclays, and Jefferies.