Issue #41October 1, 20264 links

Motive raises $1.3B and Modal raises $750.0M

Motive raised $1.3B for its platform unifying safety, operations and finance for fleets and physical operations, which the company says serves over 120,000 customers across transportation, construction, energy and retail. Modal raised $750.0M for its code-first compute platform for AI and machine learning workloads, and Presto raised $10.0M for restaurant drive-thru voice AI.

Cool Company Raises

YC F26

HABU launches at YC (Fall 2026)

Like Crosby, but for real estate development

Hard-Tech Real-Estate Housing YC Real-Estate-And-Construction

$1.3B

Motive Technologies raises a $1.3B round

Motive empowers those who run physical operations with tools to enhance safety, productivity, and profitability. The platform unifies safety, operations, and finance functions, enabling management of workers, vehicles, equipment, and fleet-related spend in a single system. Serving over 120,000 customers, from small businesses to Fortune 500 enterprises, Motive is transforming industries such as transportation, construction, energy, and retail.

Information-Technology General Catalyst $100M+

$10.0M

Presto raises a $10.0M round

Presto is the Voice AI market leader for restaurant drive-thrus. Presto’s products increase revenue, decrease labor costs, improve staff productivity, and standardize/enhance the guest experience. Presto is expanding nationwide with several of the most recognized quick-service restaurant (QSR) brands in the United States. Based in Silicon Valley, Presto is backed by Voice AI specialist Remus Capital and delivers a Connected Enterprise AI vision that provides a full suite of Vertical AI solutions for restaurant chains, enabling end-to-end automation.

Information-Technology Software Remus Capital $10M+

$750.0M

Modal raises a $750.0M round

Modal is a company that provides a global, code-first compute platform built specifically for AI and machine learning workloads. Its platform supports the full machine learning lifecycle, from training and inference to batch processing and sandboxed environments. Modal’s technology is designed to address the growing demands of AI workloads, including generative AI inference, large language model fine-tuning, computational biotech, media processing, and other resource-intensive applications. With headquarters in New York, Stockholm, and San Francisco, Modal’s customer base includes companies working on a wide range of AI applications, from drug discovery to generative media production.

Software Information-Technology-Services Accel $100M+

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