Motive is an AI-powered Integrated Operations Platform that helps over 120,000 businesses, from small companies to Fortune 500 enterprises, improve the safety, productivity and profitability of their physical operations. The platform combines IoT hardware with AI applications to automate vehicle and equipment tracking, driver safety, fleet compliance, maintenance, spend management and more. Motive's customers span industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit and delivery.
Co-founder and CEO Shoaib Makani leads Motive's mission to digitize the physical economy. Makani has prior experience as an investor at Khosla Ventures and in business roles at Google and AdMob. In fiscal year 2023, Motive achieved 60% year-over-year growth in annual recurring revenue from enterprise customers and doubled the size of its Enterprise Sales and Customer Success teams to support this demand. Other recent milestones include launching over 100 product updates, expanding to 3,500 employees across 8 global offices, and maintaining strong customer satisfaction with >115% net retention and 95% CSAT.
Motive aims to be an employer of choice by fostering a diverse, inclusive culture and offering benefits like unlimited PTO, remote work, a leadership academy, and affinity groups. However, the company will need to continuously innovate its AI models, as a VTTI study found competitors can be more accurate in some cases.
2013
Founded
1k+
Employees
Series F
Stage
$2.85B
Latest Valuation
$400-700M
Total Funding
Dec 01 2023
Last Fundraise
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