INSUBCONTINENT EXCLUSIVE:
Sensor data platform Samsara confirmed this morning that it had closed a new round of funding from existing investors Andreessen Horowitz
and General Catalyst that values the startup at $3.6 billion.The news was first reported by Cheddar, which spotted a filing with the state
president of marketing and products, in the funding announcement
production, energy and manufacturing industries with its internet-connected sensor systems, which helps businesses collect data and derive
According to PitchBook, Andreessen Howoritz and General Catalyst are the only two private investors in the company, with Marc Andreessen and
Hemant Taneja of General Catalyst representing the venture capital firms as lead investors on several Samsara deals.San Francisco-based
Samsara says revenue grew 250 percent in 2018 as its customer base swelled to 5,000
As for how it will deploy the new capital, the company plans to hire 1,000 employees, double down on AI and computer vision technology and
open its first East Coast office in Atlanta.The startup has yet to spend a dime of its last financing round, evidence it, like many other
venture-funded startups, is pulling in capital before a market downturn strikes the industry and makes it increasingly difficult to raise
