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Enterprise IoT Leader Samsara Brings In $50 Million

Enterprise IoT Leader Samsara Brings In $50 Million
Credit: Samsara.com

Enterprise IoT company Samsara today announced $50 million in growth capital from investors Andreessen Horowitz and General Catalyst.

Samsara offers transportation companies a complete data platform for their operations, combining real-time GPS tracking, wireless sensors, video, and mobile applications that improve the efficiency of customers’ operations. With the new funding, Samsara will scale customer support and enablement to serve thousands of new customers, and it will expand its platform with new sensors, software, and AI-driven data analytics to bring new value to its users.

The company plans to expand its ranks from 300 employees to more than 550 by year-end. It will more than double its California-based engineering and customer support teams.