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Samsara was founded in 2015 by Sanjit Biswas and John Bicket, who had previously co-founded and sold Meraki to Cisco Systems in 2012. The company was initially created to provide sensor technology for industrial operations, with Andreessen Horowitz as an early Series A round investor.
The company experienced rapid growth, achieving unicorn status in March 2018 with a valuation of over $1 billion. A series of subsequent funding rounds, backed by investors including Andreessen Horowitz, General Catalyst, and Tiger Global Management, raised the company's valuation to $6.3 billion by September 2019.
In December 2021, Samsara held an initial public offering on the New York Stock Exchange under the ticker symbol "IOT". The company sold 35 million shares, raising $805 million at a valuation of $11.5 billion.
By December 2023, Samsara announced that it had surpassed $1 billion in annual recurring revenue (ARR).
In 2022, the company filed a bid protest against the U.S. Postal Service 's decision to award a $300 million contract to Geotab, a challenge that was ultimately unsuccessful.
Samsara has been recognized with several workplace awards, including being named one of Glassdoor 's Best Places to Work in 2023 and among the Best-Led Companies in 2024.