The round, which valued Samsara at over $530m, was led by General Catalyst, with participation from existing investor Andreessen Horowitz and Samsara’s founders. In conjunction with the funding, Hemant Taneja, Managing Director at General Catalyst, joined Samsara’s board of directors.
The company intends to use the capital to accelerate growth and accelerate long-term R&D investments.
Founded by Sanjit Biswas, co-founder and CEO, and John Bicket, CTO, Samsara provides a complete hardware-software platform that combines data from sensors, GPS, cameras, and mobile apps in an integrated, cloud-based solution that enbles users to make Internet-connected sensor systems for industrial and transportation applications.
Enterprise-scale deployments include long haul trucking companies, Fortune 500 food producers, passenger transit operators, local governments, and public utilities.
Samsara has a team of 100 people and plans to double headcount to 200 by year’s end.
FinSMEs
21/06/2017