Motive raised $1.3 billion from General Catalyst and withdrew its IPO filing, choosing private capital to fund aggressive AI investments in fleet

Motive raised $1.3 billion from General Catalyst and withdrew its IPO filing, choosing private capital to fund aggressive AI investments in fleet

Motive gets $1.3bn from General Catalyst and withdraws its S-1 for a NYSE listing. Its annual recurring revenue has crossed $600m, up 30% a year.