Samsara builds an integrated Industrial IoT platform that combines hardware, software and cloud to give customers real-time visibility, analytics and AI for operations. Its suite includes vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls. The company serves more than 10,000 customers across transportation and logistics, field services, food production, energy, construction, local governments and manufacturing. In October 2019 Samsara raised $300M in growth funding at a $6.3B valuation, bringing total funding to $530M. The company intends to use the new capital to develop new products, expand into Europe, Mexico and Canada, and grow its team. Samsara maintains offices in San Francisco, San Jose, Atlanta and London and was founded in 2015 by CEO Sanjit Biswas. Samsara provides internet-connected sensors and a sensor-data platform that helps physical-operations businesses collect data and derive insights to improve efficiency. The company serves transportation, logistics, construction, food production, energy and manufacturing customers. Founded in 2015 and based in San Francisco, Samsara was co-founded by Sanjit Biswas and John Bicket, who previously sold Meraki to Cisco. The startup reported revenue growth of 250% in 2018 and a customer base of about 5,000. Samsara says it will use new capital to hire 1,000 employees, double down on AI and computer vision, and open its first East Coast office in Atlanta. The company had not drawn on its prior financing when it raised this round. Samsara provides enterprise Internet of Things (IoT) systems that combine plug-and-play hardware with scalable cloud-based software to reveal insights that improve operational efficiencies. Its products serve thousands of customers across industries including food and beverage distribution, trucking, construction, school districts and cities. The company says customers use its sensors and software to monitor food safety in transit, reduce distracted driving with in-cab cameras, track equipment inventories, locate bus passengers in real time and publish live snowplow paths. Samsara plans to use the new funding to scale support and customer enablement and to invest in new technology innovation for users. The business has over 300 employees and has raised $130M in total funding to date. Samsara is based in San Francisco and was founded by Sanjit Biswas and John Bicket. Samsara offers a hardware-software platform that combines data from sensors, GPS, cameras, and mobile apps into an integrated, cloud-based solution for industrial and transportation customers. Its platform is used in enterprise-scale deployments including long-haul trucking companies, Fortune 500 food producers, passenger transit operators, local governments, and public utilities. The company plans to use new capital to accelerate growth and increase long-term R&D investments. At the time of the article Samsara had a team of 100 people and planned to double headcount to 200 by year’s end. The financing valued the company at over $530M and supports its expansion efforts. Leadership includes co-founders Sanjit Biswas (CEO) and John Bicket (CTO). Samsara builds an integrated, software-centric solution combining plug-and-play sensors, wireless connectivity, and cloud-hosted software to deploy sensors at any scale. The company is focused on Internet-connected sensor systems and platform development. Founded in early 2015 by CEO Sanjit Biswas and CTO John Bicket and based in San Francisco, it announced new financing in May 2015. Samsara raised $25M and intends to use the funds to continue developing the platform and to grow operations. The company is actively hiring.

Total raised

$515M

Funding rounds

5

Latest round

Equity

Latest activity

Sep 2019