Companies · Software / Tech

Motive Technologies, Inc.

DOVER · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Motive Technologies, Inc. — recommendation, valuation, rhythm, risks.
$408.0M
Total raised · real
4
Rounds
1.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue May 20 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Motive Technologies, Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.01× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era.
  • Within the normal band (101% of peer median) for its niche.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Motive Technologies, Inc. is one of 3920 Software / Tech companies tracked from DOVER. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
35
Investors (latest)
2025-05-20
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2015-06-12 Raised $8.0M (real) Modeled valuation $222M (est)$8.0M$222MSeries A2015Series C · 2021-04-30 Raised $100M (real) Modeled valuation $2.4B (est)$100M$2.4BSeries C2021Series D+ · 2022-05-04 Raised $150M (real) Modeled valuation $3.0B (est)$150M$3.0BSeries D+2022Series D+ · 2025-05-20 Raised $150M (real) Modeled valuation $1.4B (est)$150M$1.4BSeries D+2025+$100M+$150M+$150MCumulative $408M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$8.0M · 2015
Series C$100.0M · 2021no Series B on file
Series D+$150.0M · 2022
Series D+ extension$150.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.4B
Base estimate est.
$833.0M
Conservative case
$1.7B
Upside case
$1.3B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $221.9M · 2015-06-122015Series C · modeled $2.4B · 2021-04-30Series D+ · modeled $3.0B · 2022-05-04Series D+ · modeled $1.4B · 2025-05-202025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
40 mo
Avg between rounds
$41.1M/yr
Capital velocity
11.1 yr
On record since
2015
First round
4
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 89× above median
This company$408.0M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.0× above median
This company$150.0M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 38× above median
This company$1.4B
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #11 of 22.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)Saronic Technologies, Inc. · Series D+ Raised $523.3M · modeled $3.4B (est)Mercor.io Corp · Series D+ Raised $468.6M · modeled $2.8B (est)Clearwater Analytics Holdings, Inc. · Series D+ Raised $261.8M · modeled $2.4B (est)Mercury Technologies, Inc. · Series D+ Raised $221.3M · modeled $1.9B (est)Bitmine Immersion Technologies, Inc. · Series D+ Raised $258.3M · modeled $1.9B (est)Elise A.I. Technologies Corp. · Series D+ Raised $320.9M · modeled $1.8B (est)Ontic Technologies, Inc. · Series D+ Raised $196.4M · modeled $1.6B (est)Luminary Cloud, Inc. · Series D+ Raised $187.0M · modeled $1.5B (est)Bancar Technologies Ltd · Series D+ Raised $1.1B · modeled $1.5B (est)Oxide Computer Co · Series D+ Raised $265.2M · modeled $1.5B (est)Starburst Labs, Inc. · Series D+ Raised $178.3M · modeled $1.3B (est)Motive Technologies, Inc. (this company) Raised $408.0M · modeled $1.4B (est)Motive Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Saronic Technologies, Inc.Series D+$523.3M$3.4B2.51×
Mercor.io CorpSeries D+$468.6M$2.8B2.02×
Clearwater Analytics Holdings, Inc.Series D+$261.8M$2.4B1.79×
Mercury Technologies, Inc.Series D+$221.3M$1.9B1.41×
Bitmine Immersion Technologies, Inc.Series D+$258.3M$1.9B1.40×
Elise A.I. Technologies Corp.Series D+$320.9M$1.8B1.34×
Ontic Technologies, Inc.Series D+$196.4M$1.6B1.20×
Luminary Cloud, Inc.Series D+$187.0M$1.5B1.13×
Bancar Technologies LtdSeries D+$1.1B$1.5B1.10×
Oxide Computer CoSeries D+$265.2M$1.5B1.07×
Motive Technologies, Inc. this companySeries D+$408.0M$1.4B1.01×
Starburst Labs, Inc.Series D+$178.3M$1.3B0.99×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$8.0M2015-06-12$36.4M$221.9M85%
Series C$100.0M2021-04-30$666.7M$2.4B90%
Series D+$150.0M2022-05-04$1.2B$3.0B90%
Series D+$150.0M2025-05-20$1.3B$1.4B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$8.0M2015-06-12
    • First recorded raise — entered as Series A.
    • 12 investors on this round.
  2. Series C$100.0M2021-04-30
    • Raised again after 71 mo — slower than the ~13 mo sector norm.
    • Round 12.5× larger than the prior — scaling up.
    • 25 investors on this round.
  3. Series D+$150.0M2022-05-04
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 14 investors on this round.
  4. Series D+$150.0M2025-05-20
    • Raised again after 37 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 35 investors on this round.
Intelligence
2028 ~Q3
Modeled next raise · ~40mo cadence
$150.0M
Modeled next size est.range $150.0M$240.0M
1.0×
Last step-up
$41.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ilya Fushman10 other2025-05
Chirag Shah9 other2025-05
Somesh Dash7 other2025-05
Joe Kraus4 other2022-05
J Sanford Miller4 other2021-04
Aaron Schildkrout3 other2021-04
Alexander Niehenke3 other2021-04
Dana Evan3 other2022-05
Mark Goldberg3 other2021-04
Adam Block2 other2025-05
Patrick Richards1 other2025-05
Robson Grieve1 other2025-05
Shulamite White1 other2021-04
Amish Babu2025-05
Hemant Banavar2025-05
Joe Moran2021-04
Obaid Khan2022-05
Shoaib Makani2015-06
Registry & provenance

Motive Technologies, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1646681
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Pendo.io, Inc.Software / TechSeries D+$368.3M$111.8Mnetwork1 shared operator · same sector · same stage
Built Technologies, Inc.Software / TechSeries D+$277.6M$451.3Mnetwork1 shared operator · same sector · same stage
Apex Technology, Inc.Software / TechSeries D+$405.3M$1.3Bsame sector · same stage
Span.IO, Inc.Software / TechSeries D+$384.1M$1.3Bsame sector · same stage
ICON Technology, Inc.Software / TechSeries D+$474.8M$558.0Msame sector · same stage
Fever Labs, Inc.Software / TechSeries D+$347.2M$1.1Bsame sector · same stage
ABL Space Systems CoSoftware / TechSeries D+$480.3M$537.4Msame sector · same stage
PureCycle Technologies, Inc.Software / TechSeries D+$340.0M$984.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Motive, Inc.Other TechnologySeries A$29.6M92%
Spectiv Labs, Inc.Software / TechPre-Seed$6.3M89%
Motivating Systems, LLCSoftware / TechPre-Seed$21.2M85%
Spectiv, LLCOther TechnologySeed$44.3M85%
Motiv Inc.Other TechnologySeries A$226.8M84%
Merit Systems, Inc.Software / TechSeries A$48.3M84%
MotiveAI IncOtherSeries A$151.3M83%
Momentum Technologies, Inc.Software / TechSeries A$80.2M83%
Frequently asked
How much funding has Motive Technologies, Inc. raised?
Motive Technologies, Inc. has raised approximately $408.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Motive Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Motive Technologies, Inc. is approximately $1.4B (modeled range $833.0M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Motive Technologies, Inc. at?
Motive Technologies, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue May 20.
What does Motive Technologies, Inc. do and where is it based?
Motive Technologies, Inc. operates in the Software / Tech sector, based in DOVER.
Explore related

See where Motive Technologies, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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