• ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    16,030.520
    117.340
    0.7%
  • OTLT.USA
    2.809
    0.016
    0.6%
  • OTRI.USA
    22.220
    -0.080
    -0.4%
  • OTVI.USA
    16,016.550
    115.560
    0.7%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
NewsTechnologyTrucking

Fleet telematics provider Samsara confidentially files for IPO

Company, valued at $5.4B, founded in 2015 and has 1,450 employees

Samsara Inc. said on Wednesday it has confidentially submitted plans to regulators for a U.S. initial public offering.

The number of shares to be offered and the price range have not been determined, according to a release. The IPO is expected to take place after the U.S. Securities and Exchange Commission completes its review.

San Francisco-based Samsara provides software and sensors to monitor and manage commercial fleets and industrial operations, with more than 20,000 customers in the energy, food and beverage, construction and manufacturing, and transportation industries.

The company was founded in 2015 by Sanjit Biswas and John Bicket and has 1,450 employees. 

Samsara is backed by venture capital (VC) firm Andreessen Horowitz, considered by many to be one of the elite VC firms in Silicon Valley.

Some of Samsara’s other investors include General Catalyst, Tiger Global and Dragoneer. The company was valued at $5.4 billion last year, Forbes reported.

In February, Samsara announced it had surpassed more than $300 million in run-rate subscription revenue for the fiscal fourth quarter ended Jan. 30. The company said the run-rate subscription was achieved in five years with an annual growth rate of 80%.

The company has also released more than 200 features over the past two years, such as Samsara Fleet app, EV solutions and accessibility reports. 

Samsara did not provide any other details on its IPO plans.

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Noi Mahoney

Noi Mahoney is a Texas-based journalist who covers cross-border trade, logistics and supply chains for FreightWaves. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as journalist, working for newspapers in Florida, Maryland and Texas. Contact nmahoney@freightwaves.com

One Comment

  1. Can’t wait to see their financials once public. Are they profitable? If not how much are they losing to be valued over $5B? It seems the more you lose today then the higher your company value LMFAO

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