AI entity operating platform Motive completes US$1.3 billion in financing and abandons plans to list on the New York Stock Exchange

On September 11, Motive, an AI entity operation platform, announced that it had completed a US$1.3 billion financing. General Catalyst participated in the investment through its CustomerValue Fund. Specific valuation data has not been disclosed yet. In addition, the company also disclosed that it had withdrawn its previously submitted S-1 registration statement and formally abandoned its plan to list on the New York Stock Exchange. It is reported that Motive previously planned to list under the stock symbol "MTVE" and has arranged for JPMorgan Chase, Citigroup, Barclays and Jefferies to serve as underwriters. The company completed a US$150 million financing led by Kleiner Perkins in July 2025, and its cumulative financing currently exceeds US$700 million.