• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

Samsara raises $300 million in new growth capital bringing valuation at $6.3 billion

September 10, 2019 By admin Leave a Comment

Samsara, the leader in Industrial IoT, has announced $300 million in new funding to accelerate the company’s growth. The funding comes from new investors Tiger Global and Dragoneer, along with existing investors Andreessen Horowitz and General Catalyst. The round values Samsara at $6.3 billion, and brings the total funding raised to $530 million.

The funding comes as demand from customers continues to surge. Over the past year, Samsara more than doubled their customer base to 10,000, and expanded into 10 new countries, all while growing revenue at over 200% annually. With this capital, Samsara will develop new products for customers, expand into new geographical markets, and grow the team to continue delivering a great customer experience as the company scales.

“Our customers build and maintain the infrastructure critical to billions of people around the world — everything from helping provide water and food, to construction materials and energy. But even though these industries are critical, they haven’t benefited from software and cloud like the world of IT has. We are changing that,” said Sanjit Biswas, co-founder and CEO of Samsara. “Samsara’s approach is to use the Internet of Things to help increase the efficiency, safety, and sustainability of industrial operations. As Samsara has grown, we’ve continued to discover new opportunities to innovate on behalf of our customers, and this investment will enable us to further expand the solutions that we can provide to them.”

Enabling a more efficient, safer, and more sustainable economy with Industrial IoT
Samsara serves customers in operational industries from transportation and logistics to field services, food production, energy, construction, local governments, and manufacturing. These industries form the foundation of our economy; yet with assets and workers distributed across remote and often rugged environments, they have long been underserved by technology. But that is changing.

The Internet of Things (IoT), driven by advancements in wireless data, cameras, cloud computing, and AI, is enabling these physical operations to adopt technology in powerful ways. In fact, McKinsey predicts that Industrial IoT will provide over $2.2 trillion in global economic impact by 20251. As operators realize the benefits of IoT for their workers, their customers, and their bottom line, adoption is surging.

A complete hardware + software + cloud platform bringing IoT to operations of all sizes
Samsara makes complete hardware, software, and cloud solutions that bring real-time visibility, analytics, and AI to operational customers of all sizes. Customers manage their operations in real-time from Samsara’s cloud-based dashboard, leveraging integrated software to lower fuel consumption, reduce emissions, prevent accidents, automate manual processes, improve quality, and avoid downtime.

The company’s growing suite of solutions include vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls — all in an integrated, open, real-time platform.

Here are just some examples of how Samsara’s 10,000+ customers have transformed their operations:

Reducing environmental impact at the City of Fort Lauderdale: 1,700 citywide vehicle fleet has decreased fuel consumption by 5%, achieving the carbon emissions impact of planting nearly 20,000 trees while saving taxpayer dollars.
Keeping drivers safe at Simco Logistics: With dash cameras and AI-based driver coaching software, Simco reduced their distribution fleet’s accident rate by over 50%, reducing insurance premiums while helping their drivers come home safely.
Improving customer service at San Jose Water Company: Real-time visibility into pumps and water equipment has informed capital planning and delivered better customer service for their 1 million customers.
Increasing efficiencies at Collins Earthworks: Leading UK-based construction company uses Samsara’s fuel usage reports to calculate exactly how load weight influences fuel usage on trips, leading to better cost estimates for loads.
Investing for the long term
With a sustainable business model and a fast-growing base of happy customers, the funding will enable new long-term investments. In the coming year, Samsara will add 1,000 new employees to:

Accelerate our expansion into Europe, Mexico, and Canada
Grow our R&D team to build new products for our customers
Scale our support and account teams to maintain a great customer experience as we grow
“Samsara has a unique ability to see 15 years ahead and plan for that future, while also executing at a pace that I’ve rarely seen before. In less than five years they’ve successfully created multiple product lines addressing diverse industries and geographies,” said Hemant Taneja, managing director at General Catalyst. “Samsara is targeting a massive opportunity — operations represents over 20 percent of GDP. What they’ve already created is impressive but in 10 years we’ll look back and see that, where Samsara is today, was just the beginning.”

For more information on Samsara and this round of funding, please visit: www.samsara.com and https://www.samsara.com/blog/expanding-our-impact-on-the-operations-that-power-our-economy-with-usd300.

About Samsara
Samsara is the leader in Industrial IoT. Our mission is to increase the efficiency, safety, and sustainability of the operations that power our economy. Samsara’s portfolio of complete IoT solutions combine hardware, software, and cloud to bring real-time visibility, analytics, and AI to operations. We serve over 10,000 customers across diverse sizes and industries, from transportation and logistics to field services, food production, energy, construction, local governments, and manufacturing. Samsara’s growing suite of solutions includes vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls – all in an integrated, open, real-time platform. Samsara was founded in 2015 by the co-founders of Meraki, now part of Cisco Systems. Our fast-growing team of 1,300 employees is headquartered in San Francisco with offices in San Jose, Atlanta, and London. Samsara has raised over $530M from Andreessen Horowitz, General Catalyst, Tiger Global, and Dragoneer. Learn more at www.samsara.com.

1 Source: McKinsey, Unlocking the Potential of IoT. Categories included: factories, outside, work sites, vehicles.

SOURCE Samsara
https://www.samsara.com

Filed Under: PR Tagged With: Industrial IoT, IoT, Samsara

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

CryptoSupercycles.com: 2021, Year of Crypto
Event Calendar
Middle East and North Africa region’s economies grew by 5.8% in 2021
ResilientSupplies.com (Resilient Supplies): Supply chain resilience is the key to withstand pandemic-related disruptions
The Pentagon’s FY2023 budget request for hypersonic-related research is $4.7 billion
Cloud Computing Market: Now is the Time
Up to $265 billion From Hospital to Home

Market Research Media

OpInt.com (Operational Intelligence): Tailored project delivery intelligence reduces risk
Funding for logistics startups almost doubled in 2021
HomeOfficeHybrid.com (Home Office Hybrid): A mixture of home and office work can actually be the best arrangement for productivity
NoSQLdatabase.com: SQL versus NoSQL overview
BigTechMatters.com: Big Tech Matters
Failedeconomies.com (Failed Economies): All governments of failed economies share one common trait – zero tolerance for opposition
InfluenceMgmt.com (Influence Management): How to get others to adopt your recommendation

Secondary Sidebar

Technologies

Apple Unveils M2, Taking the Breakthrough Performance and Capabilities of M1 Even Further
State of progress of leading hardware technologies
VivaTech, Europe’s number one startup and tech event, makes its big comeback with more than 91,000 participants in Paris
Crossplane Transforms Kubernetes Into A Universal Control Plane
Nature Co-design Technologies

Tech Events

AppianEUROPE20 Virtual Conference: 14 – 15 October 2020
FPGA Conference Europe, July 5 – 7, 2022, NH München Ost Conference Center
The Apache® Software Foundation Welcomes its Global Community Online at ApacheCon(TM) Asia 2021, 21-23 September, 2021
IMS2021 and Microwave Week, June 6-11, 2021, Georgia World Congress Center, Atlanta, GA
RIT and SPIE Partner on 2021 Photonics for Quantum Event, 12-16 July, 2021

Footer

Recent Posts

  • Plant-based food innovation company, TMRW Foods, raises C$2 million and prepares for North American launch with Sprouts Farmers Market
  • How to achieving gender balance in management teams
  • When you feel like you’re spiraling
  • After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans
  • Vita Mojo Raises US$30 Million to Help Restaurant and Hospitality Chains in Europe Tackle the Digital Future
  • Nautical Commerce Raises $30M to Scale Multi-Vendor Marketplace Technology
  • Token Announces $13 Million Series B Funding Round and Appointment of New CEO to Disrupt the Authentication Market
  • Konnecto Raises $21M to establish a new category in marketing technology
  • Sharebite, the Leading Food Benefits Platform, Announces Closing of $39 Million Series B Round
  • Illumina Invests in £30M Venture Fund to Advance Breakthroughs in Human Health

Dossier

Corporate debt as a share of GDP at around 80%
German total mkt cap as % of global mkt cap has hit another all-time low
iSpot Acquires Ace Metrix
Defense & Cybersecurity Digest
Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships

Press Media Release

The Rockefeller Foundation commits USD1 billion to catalyze a green recovery from pandemic
Space Control Veteran Rob Baker Joins System High as Vice President, Strategic Space Protection
FTX, Tom Brady & Gisele Bündchen Announce Long-Term Partnership
The Salvation Army and Convoy of Hope Partner Together to Meet the Needs of Ukrainian Refugees
Wilkinson Barker Knauer Named 2021 Legal 500 USA First Tier Firm for 12th Consecutive Year

App Coding

Trellix Finds Workforce Shortage Impacts 85% of Organizations’ Cybersecurity Posture
Lumigo expands its serverless observability platform to support any modern cloud application
security-as-code integrated with dev tools
Coder Announces First Multi-Cloud, Multi-Compute Integrated Development Environment Platform
New app to help northeastern Illinois drivers avoid traffic and earn rewards for improving their commute

API Coding

Apiip Expand IP To Location API Services to Verify 1 million+ Requests A Month
Fintech AI Leader Photon Commerce Partners With Identifee to Enable Banks to Instantly Digitize and Analyze Statements
DataGrail Launches API & Agent to Automate DSR Fulfillment Across All Internal Data Systems, Saving Companies Weeks of Engineering Time
Five Steps to a Secure Cloud Architecture
Types of API Testing

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT