Samsara (company)

Co-founders Sanjit Biswas and John Bicket 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]

• Official website