Motive Technologies Secures $150M in Funding from Kleiner Perkins, AllianceBernstein, and Other Investors

Motive Technologies, Inc. received $150 million in funding from Kleiner Perkins Caufield & Byers, AllianceBernstein Holding L.P., and other investors. The funding round was led by returning investor Kleiner Perkins Select Fund II and included participation from new investor AllianceBernstein Holding L.P. Ilya Fushman joined the company's board of directors.

Motive Technologies, Inc. has raised $150 million in a new funding round led by Kleiner Perkins Caufield & Byers, with participation from AllianceBernstein Holding L.P. and other investors. The funding round was spearheaded by returning investor Kleiner Perkins Select Fund II, with Ilya Fushman, Partner at Kleiner Perkins, rejoining the company's board of directors [1].

The additional capital will enable Motive to accelerate growth by expanding its AI capabilities, scaling internationally, and sustaining momentum with enterprise customers. This funding round underscores Motive's role in advancing global fleet safety and operational excellence. Motive serves nearly 100,000 customers and 1.3 million drivers across various industries, including transportation and logistics, construction, oil and gas, utilities, and telecoms [1].

The funding will advance Motive's AI roadmap, expanding automation across its Integrated Operations Platform. This includes enhancements in driver safety, service verification, preventive maintenance, fraud detection, and automated coaching. These developments help customers streamline repetitive tasks, improve safety, and increase productivity [1].

Motive's expansion efforts will focus on meeting rising enterprise demand in North America and around the world. The company is gaining momentum across North America, with rapid growth in Mexico and Canada, and is set to launch in the UK in early August. Additionally, R&D expansion in India is being accelerated to support the company's global growth strategy [1].

References:
[1] https://finance.yahoo.com/news/ai-leader-motive-raises-150-130000875.html