6 U 070
2nd Floor, 32-38 Leman Street
E1 8EW LONDON
Expanding Our Impact on the Operations That Power Our Economy With $300 Million in New Growth Capital
10 September 2019
We are excited to announce $300M in new funding to accelerate Samsara's growth.
The funding comes as demand from our customers continues to surge. Over the past year we onboarded our 10,000th customer and expanded into 10 new countries, while growing revenue at over 200% annually. But we are just at the beginning of a long journey to increase the efficiency, safety, and sustainability of the operations that power our economy. With this capital, we will develop new products for our customers, expand into new geographical markets, and grow our team to continue delivering a great customer experience as we scale.
A complete hardware + software + cloud platform bringing IoT to operations of all sizes
At Samsara we make complete hardware, software, and cloud solutions that bring real-time visibility, analytics, and AI to operational customers of all sizes. With Samsara, customers manage their operations in real-time from our cloud-based dashboard, leveraging integrated software to lower fuel consumption, reduce emissions, prevent accidents, automate manual processes, improve quality, and avoid downtime.
Our 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.