April 16, 2024

News and Political Commentary

Motive Closes Record Fiscal Year Fueled by AI Innovation and Accuracy

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Annual recurring revenue from enterprise customers increased over 60% year-over-year

New enterprise customers include Western Express, KONE, Lewis Tree, FirstFleet, Xylem Tree Experts, KLX Energy, 1-800-GOT-JUNK, and more

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SAN FRANCISCO — Motive, the AI-powered Integrated Operations Platform, closed a banner fiscal year driven by enterprise customer growth in 2023. This achievement was highlighted by a 60% year-over-year growth in annual recurring revenue (ARR) from enterprise customers and a 160% increase in customers who spent over $1 million with Motive. To accommodate this growing demand from the largest and most complex organizations in the physical economy, Motive more than doubled its Enterprise Sales and Customer Success teams.

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Business Wire

2024-03-12 09:07:44

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