Footnotes / references Financials as of January 31, 2024[update][1][2]
Samsara Inc. is an American IoT company headquartered in San Francisco, California that provides software and insights for physical operations. The company has customers across North America and Europe.[3][4] Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.[5]
Samsara achieved unicorn status in March 2018 after a funding round led to a valuation of over $1B.[11][12] Another funding round later that year rose the valuation to $3.6B backed by Andreessen Horowitz and General Catalyst.[13] 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.[14]
Samsara was impacted during the COVID-19 pandemic which resulted in a reduction to their staff.[15][16]
In February 2019, Samsara introduced new AI dash cameras that use computer vision to interpret road scenes and driving behavior.[17] 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.[3][18]
In December 2021, Samsara publicly listed on the New York Stock Exchange under the ticker symbol “IOT” and the company’s initial public offering raised $805 million.[19] Samsara sold 35 million shares in its initial public offering to raise $805 million at a valuation of $11.5 billion.[6] In December 2023, Samsara surpassed $1 billion in Annual Recurring Revenue (ARR).[20]
In September 2022, the company added its 200th partner integration on the Samsara App Marketplace.[21][22]
Per CRN and CNBC, Samsara was named one of Glassdoor’s Best Places to Work for culture and values in 2023, and among the Glassdoor’s Best-Led Companies in 2024,[23][24]
In June 2024, Samsara introduced the Asset Tag, a small tracking device designed to monitor and manage high-value items such as toolboxes and specialized equipment. The Asset Tag utilizes Bluetooth technology and Samsara's network of cloud-connected devices to enable companies to track small assets, with the aim of reducing search time for misplaced items and simplifying inventory management in industries such as transportation, construction, and oil and gas. The company also announced Connected WorkFlows and Connected Training. [25][26]
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