Total amount raised
$930 Millions
Latest funding date
Location
Title
Samsara has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company is pioneering the Connected Operations™ Cloud, which leverages IoT data to enhance operational efficiency and safety.
Keep reading to delve into the details of Samsara's funding journey and the investors who are supporting this innovative platform.
What Is Samsara?
Samsara, founded in 2015 by John Bicket and Sanjit Biswas, is headquartered in San Francisco, California. The company is a pioneer in the Connected Operations™ Cloud, a platform that leverages IoT data to enhance operational efficiency and safety.
Specializing in IoT industrial technology, Samsara offers solutions for video-based safety, vehicle telematics, equipment monitoring, workforce apps, smart trailers, and site visibility. Their platform serves various industries, including construction, transportation, and logistics.
With a workforce of 1001-5000 employees, Samsara continues to innovate and expand its offerings, aiming to increase safety, efficiency, and sustainability for complex organizations.
How Much Funding Has Samsara Raised?
- Series A
- Amount Raised: $25M
- Date: May 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial IoT products.
- Series B
- Amount Raised: $15M
- Date: December 2016
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series C
- Amount Raised: $40M
- Date: June 2017
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their technology and enter new markets.
- Series D
- Amount Raised: $50M
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and improve their IoT platform.
- Series E
- Amount Raised: $100M
- Date: December 2018
- Lead Investors: Andreessen Horowitz, General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market presence and product capabilities.
- Series F
- Amount Raised: $700M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: $5.4 billion
- Motivation Behind the Round: To stabilize the company amid workforce reductions and continue innovation.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $930M. Current Valuation: $5.4 billion.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Menlo Park, California. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Facebook, Airbnb, Slack.
- General Catalyst
- Details: General Catalyst is a venture capital firm that provides early-stage and growth equity investments. It was founded in 2000 and is headquartered in Cambridge, Massachusetts.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Stripe, Snap, Airbnb.
- AllianceBernstein
- Details: AllianceBernstein is a global investment management firm that offers research and diversified investment services. It serves institutional investors, individuals, and private wealth clients.
- Investment Focus Areas: Equities, fixed income, multi-asset, alternative investments.
- Notable Investments: Not publicly disclosed.
- Franklin Templeton
- Details: Franklin Templeton is a global investment firm that provides asset management services. It caters to individuals, institutions, pension plans, trusts, and partnerships.
- Investment Focus Areas: Mutual funds, retirement planning, institutional asset management.
- Notable Investments: Not publicly disclosed.
- General Atlantic
- Details: General Atlantic is a global growth equity firm that provides capital and strategic support for growth companies. It was founded in 1980 and is headquartered in New York.
- Investment Focus Areas: Technology, financial services, healthcare, consumer, industrials.
- Notable Investments: Airbnb, Alibaba, Uber.
What's Next for Samsara?
With a $5.4 billion valuation and substantial backing from investors like AllianceBernstein, Samsara is poised to capitalize on the burgeoning IoT market. The company’s focus on enhancing operational efficiency and safety through IoT technology presents vast opportunities for growth, particularly in industries such as construction, transportation, and logistics.
Future fundraising rounds seem likely, given the significant interest from high-profile investors. These funds could help Samsara scale its operations and expand its technology offerings. However, challenges such as workforce reductions and economic pressures may impact their ability to maintain growth and innovation. Navigating these hurdles will be crucial for Samsara's continued success.
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