Samsara (company)

From Wikipedia, the free encyclopedia
Samsara Inc.
TypePublic
NYSE: IOT
IndustryInternet of things
Founded2015; 7 years ago (2015)
FoundersSanjit Biswas and John Bicket
Headquarters
San Francisco, California
,
United States
Websitewww.samsara.com

Samsara Inc. is an American IoT company headquartered in San Francisco, California. The company has additional offices in San Jose, California, Atlanta, and London.[1][2] Samsara develops a connected operations platform for tracking fleets of vehicles and other equipment.[3] To date, the company has raised $930 million in funding.[4]

History[]

Co-founders Sanjit Biswas and met while graduate students at the Massachusetts Institute of Technology.[5] The pair founded Samsara in 2015 after selling their previous startup, Meraki, to Cisco Systems in 2012.[5][6] Samsara was initially created to provide wireless sensors, and Andreessen Horowitz became a Series A round early investor.[7]

Samsara achieved unicorn status in March 2018 after a funding round led to a valuation of over $1B.[8][9] Another funding round later that year rose the valuation to $3.6B backed by Andreessen Horowitz and General Catalyst.[10] Samsara expanded internationally and opened an office in London in 2018, which expanded into its European headquarters in 2019.[1] Samsara also expanded their footprint domestically into Midtown Atlanta with a new east coast office location.[11] A Series F funding round saw Samsara's valuation rise to $6.3B with Tiger Global Management and Dragoneer Investment Group joining for the first time.[12]

Samsara was impacted during the COVID-19 pandemic which resulted in a reduction to their staff.[13][14]

In February 2021, the startup announced that it had surpassed $300 million in run-rate subscription revenue, serving over 20,000 customers and adding seven new patents.[15][16] In July, Samsara partnered with EVgo, a public EV charging network, with the hopes of expediting the electrification process for its commercial fleet customers.[16]

It was reported in September 2021 that Samsara had filed their Form S-1 for a proposed initial public offering.[17] The IPO was filed on November 19, 2021.[18]

References[]

  1. ^ a b Wallace, Tim (October 17, 2019). "Samsara opens London headquarters". motortransport.co.uk. Retrieved September 17, 2021.
  2. ^ Brian Rinker (May 20, 2021). "S.F. unicorn raises $400M at lower valuation, cuts 300 employees". San Francisco. Retrieved December 10, 2021.
  3. ^ Yuliya Chernova (September 9, 2021). "Samsara Raising Money at $6 Billion Valuation". Wall Street Journal. Retrieved December 10, 2021.
  4. ^ Von Tobel, Alexa (June 23, 2021). "This Founder Raised $930 Million to Help Businesses Optimize Data From the Internet of Things". INC.
  5. ^ a b McFarland, Matt (May 19, 2015). "Meet Samsara, a start-up planning to disrupt the sensor business". The Washington Post. Washington, D.C. Retrieved September 16, 2021.
  6. ^ Constine, Josh (November 18, 2012). "Cisco Acquires Enterprise Wi-Fi Startup Meraki For $1.2 Billion In Cash". TechCrunch. Retrieved September 16, 2021.
  7. ^ Hall, Gina (May 19, 2015). "Wireless sensor startup Samsara raised Series A from Andreessen Horowitz". Silicon Valley Business Journal. Retrieved September 16, 2021.
  8. ^ "The Complete List Of Unicorn Companies". CB Insights. Retrieved September 16, 2021.
  9. ^ "Prime Unicorn Index - Samsara, Inc" (PDF). vcexperts.com. Retrieved September 16, 2021.
  10. ^ "Exclusive: Enterprise Sensor Startup Samsara to Raise $100 Million at $3.6 Billion Valuation". Cheddar. December 28, 2018. Retrieved September 16, 2021.
  11. ^ Vega, Muriel (February 13, 2019). "LOGISTICS IOT UNICORN SAMSARA GROWS FIRST EAST COAST OFFICE IN MIDTOWN ATLANTA". hypepotamus.com. Retrieved September 16, 2021.
  12. ^ Brier, Elisabeth (September 10, 2019). "Samsara Founders Sanjit Biswas And John Bicket Are Now Billionaires Thanks To The Industrial Internet-of-Things Startup's Latest Funding Round". Forbes. Retrieved September 16, 2021.
  13. ^ "What Shipping & Logistics Volatility Means For Samsara And Its Peers". CB Insights. July 16, 2020. Retrieved September 16, 2021.
  14. ^ Baker, Linda (May 20, 2020). "Samsara lays off 18% of workforce". freightwaves.com. Retrieved September 17, 2021.
  15. ^ Noi Mahoney (February 11, 2021). "Samsara hits milestone with $300M run rate". Freight Waves. Retrieved December 10, 2021.
  16. ^ a b Scooter Doll (July 13, 2021). "Samsara and EVgo announce partnership to speed up commercial fleet electrification". Electrek. Retrieved December 10, 2021.
  17. ^ "Fleet Telematics Provider Samsara Confidentially Files For IPO". Yahoo! Finance. September 1, 2021. Retrieved September 16, 2021.
  18. ^ "Registration Statement on Form S-1 for Samsara". Securities and Exchange Commission. Securities and Exchange Commission. Retrieved 29 November 2021.

External links[]

Retrieved from ""