Company:Samsara

From HandWiki
Short description: American technology company
Samsara Inc.
TypePublic
NYSE: IOT
IndustryInternet of things
Founded2015; 9 years ago (2015)
Founders
  • Sanjit Biswas
  • John Bicket
Headquarters
San Francisco, California
,
United States
Key people
  • Sanjit Biswas
  • (Chairman & CEO)
  • John Bicket
  • (CTO)
RevenueIncrease US$653 million (2023)
Increase US$−259 million (2023)
Increase US$−247 million (2023)
Total assetsIncrease US$1.62 billion (2023)
Total equityDecrease US$938 million (2023)
Number of employees
2,266 (2023)
Websitesamsara.com
Footnotes / references
Financials (As of January 2023)[1]

Samsara Inc. is an American IoT company headquartered in San Francisco, California . The company has additional offices in San Jose, California, Atlanta, Amsterdam, London, Paris, Munich, Warsaw, and Mexico City.[2][3][4][5] Samsara develops a connected operations platform for tracking fleets of vehicles and other equipment.[6] To date, the company has raised $930 million in funding.[7]

History

Co-founders Sanjit Biswas and John Bicket met while graduate students at the Massachusetts Institute of Technology.[8] The pair founded Samsara in 2015 after selling their previous startup, Meraki, to Cisco Systems in 2012.[8][9] Samsara was initially created to provide wireless sensors, and Andreessen Horowitz became a Series A round early investor.[10]

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] Samsara expanded internationally and opened an office in London in 2018, which expanded into its European headquarters in 2019.[2] Samsara also expanded their footprint domestically into Midtown Atlanta with a new east coast office location.[14] 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.[15]

Samsara was impacted during the COVID-19 pandemic which resulted in a reduction to their staff.[16][17]

In 2020, Samsara recognized 5 companies with its Top Fleet Awards. These included Sprint Waste Services for safest fleet, GP Transco for best fleet for drivers, ArcBest for fleet innovator, Goodfellow Bros for excellence in performance, and Athens-Clarke County for excellence in public fleet management.[18]

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.[19][20] In July, Samsara partnered with EVgo, a public EV charging network, with the hopes of expediting the electrification process for its commercial fleet customers.[20]

It was reported in September 2021 that Samsara had filed their Form S-1 for a proposed initial public offering.[21] The IPO was filed on November 19, 2021.[22]

References

  1. ↑ "Samsara Inc. FY2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 22 March 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/1642896/000164289623000016/iot-20230128.htm. 
  2. ↑ 2.0 2.1 Wallace, Tim (October 17, 2019). "Samsara opens London headquarters". https://motortransport.co.uk/blog/2019/10/17/samsara-opens-london-headquarters/. Retrieved September 17, 2021. 
  3. ↑ Brian Rinker (May 20, 2021). "S.F. unicorn raises $400M at lower valuation, cuts 300 employees". https://www.bizjournals.com/sanfrancisco/news/2020/05/20/s-f-unicorn-funding-samsara-covid-unicorn-layoffs.html. 
  4. ↑ Santiago Padilla (May 23, 2022). "Samsara Opens New Office in Mexico City". https://samsara.com/blog/new-office-mexico-city/. 
  5. ↑ Philip Van Der Wilt (March 9, 2022). "Samsara's Expansion Across Europe Continues". https://samsara.com/blog/samsaras-expansion-across-europe-continues/. 
  6. ↑ Yuliya Chernova (September 9, 2021). "Samsara Raising Money at $6 Billion Valuation". https://www.wsj.com/articles/samsara-raising-money-at-6-billion-valuation-11568060581. 
  7. ↑ Von Tobel, Alexa (June 23, 2021). "This Founder Raised $930 Million to Help Businesses Optimize Data From the Internet of Things". https://www.inc.com/alexa-von-tobel/sanjit-biswas-of-samsara-talks-time-management.html. 
  8. ↑ 8.0 8.1 McFarland, Matt (May 19, 2015). "Meet Samsara, a start-up planning to disrupt the sensor business". The Washington Post (Washington, D.C.). https://www.washingtonpost.com/news/innovations/wp/2015/05/19/meet-samsara-a-start-up-planning-to-disrupt-the-sensor-business/. Retrieved September 16, 2021. 
  9. ↑ Constine, Josh (November 18, 2012). "Cisco Acquires Enterprise Wi-Fi Startup Meraki For $1.2 Billion In Cash". https://techcrunch.com/2012/11/18/cisco-acquires-enterprise-wi-fi-startup-meraki-for-1-2-billion-in-cash/. Retrieved September 16, 2021. 
  10. ↑ Hall, Gina (May 19, 2015). "Wireless sensor startup Samsara raised Series A from Andreessen Horowitz". Silicon Valley Business Journal. https://www.bizjournals.com/sanjose/blog/techflash/2015/05/wireless-sensor-startup-samsara-raised-series-a.html. Retrieved September 16, 2021. 
  11. ↑ "The Complete List Of Unicorn Companies". https://www.cbinsights.com/research-unicorn-companies. Retrieved September 16, 2021. 
  12. ↑ "Prime Unicorn Index - Samsara, Inc.". https://www.vcexperts.com/prime_unicorn_companies/ee21b14a-f791-475d-8f62-cbe3b87a5237.pdf. Retrieved September 16, 2021. 
  13. ↑ "Exclusive: Enterprise Sensor Startup Samsara to Raise $100 Million at $3.6 Billion Valuation". December 28, 2018. https://cheddar.com/media/samsara-to-raise-100-million-at-3-6-billion-valuation. Retrieved September 16, 2021. 
  14. ↑ Vega, Muriel (February 13, 2019). "LOGISTICS IOT UNICORN SAMSARA GROWS FIRST EAST COAST OFFICE IN MIDTOWN ATLANTA". https://hypepotamus.com/news/samsara-atlanta-headquarters-open/. Retrieved September 16, 2021. 
  15. ↑ 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. https://www.forbes.com/sites/elisabethbrier/2019/09/10/samsara-founders-sanjit-biswas-and-john-bicket-are-now-billionaires-thanks-to-the-industrial-internet-of-things-startups-latest-funding-round/. Retrieved September 16, 2021. 
  16. ↑ "What Shipping & Logistics Volatility Means For Samsara And Its Peers". July 16, 2020. https://www.cbinsights.com/research/samsara-shipping-logistics-outlook/. Retrieved September 16, 2021. 
  17. ↑ Baker, Linda (May 20, 2020). "Samsara lays off 18% of workforce". https://www.freightwaves.com/news/samsara-lays-off-18-of-workforce. Retrieved September 17, 2021. 
  18. ↑ Staff, Work Truck. "Samsara Honors 5 Fleets Powering the Economy". https://www.worktruckonline.com/10121309/samara-honors-5-fleets-powering-our-economy. 
  19. ↑ Noi Mahoney (February 11, 2021). "Samsara hits milestone with $300M run rate". https://www.freightwaves.com/news/samsara-hits-milestone-with-300m-run-rate. 
  20. ↑ 20.0 20.1 Scooter Doll (July 13, 2021). "Samsara and EVgo announce partnership to speed up commercial fleet electrification". https://electrek.co/2021/07/13/samsara-announces-partnership-with-evgo-to-speed-up-fleet-electrification/. 
  21. ↑ "Fleet Telematics Provider Samsara Confidentially Files For IPO". September 1, 2021. https://finance.yahoo.com/news/fleet-telematics-provider-samsara-confidentially-155252037.html. Retrieved September 16, 2021. 
  22. ↑ "Registration Statement on Form S-1 for Samsara". https://www.sec.gov/Archives/edgar/data/0001642896/000119312521334578/d261594ds1.htm. 

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