Insight, Kleiner Perkins Back Motive at $2.85 Billion Valuation

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Motive, the technology company formerly known as KeepTruckin, said it reached a $2.85 billion valuation after raising $150 million in equity funding.

The transaction, co-led by Insight Partners and Kleiner Perkins, represents a step up from the $2.3 billion mark the maker of fleet-management software secured last June.