Samsara, a San Francisco, CA-based Industrial IoT company, raised $300m in new funding.
Backers in the round, which valued Samsara at $6.3 billion, and brought the total funding raised to $530m, included new investors Tiger Global and Dragoneer and existing investors Andreessen Horowitz and General Catalyst.
The company intends to use the funds to develop new products for customers, expand into Europe, Mexico, and Canada, and grow the team.
Founded in 2015 by Sanjit Biswas, CEO, Samsara provides Industrial IoT solutions to increase the efficiency, safety, and sustainability of the operations that power the economy. Its portfolio of IoT solutions combine hardware, software, and cloud to bring real-time visibility, analytics, and AI to operations. The company’s 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.
Samsara serves over 10,000 customers across diverse sizes and industries, from transportation and logistics to field services, food production, energy, construction, local governments, and manufacturing.
The company also has offices in San Jose, Atlanta, and London.