AI Physical Operations Platform Mote Completes $1.3 Billion Funding Round and Abandons NYSE Listing Plans

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. Exact valuation figures have not been disclosed. Additionally, the company disclosed that it has withdrawn its previously filed S-1 registration statement, formally abandoning its plan to list on the New York Stock Exchange.