Samsara, Inc.

General Information
Business:

Samsara is on a mission to increase the safety, efficiency and sustainability of the operations that power the global economy.

To realize this vision, we pioneered the Connected Operations Cloud, which allows businesses that depend on physical operations to harness Internet of Things (IoT) data to develop actionable business insights and improve their operations.

Businesses in industries like transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, food and beverage, and others are the backbone of the global economy. They operate high-value assets, coordinate large field workforces, manage complex logistics and distributed sites, and face environmental, safety and other regulatory requirements. We estimate that these industries represented over 40% of the global gross domestic product (GDP) in 2020. Yet historically, these industries have been underserved by technology, leaving them heavily reliant on manual processes and legacy systems that are siloed and lack cloud connectivity. Without connected digital tools, physical operations businesses struggle to access real-time data, making it nearly impossible to achieve complete operational visibility or drive meaningful improvements in productivity.

We are solving the problem of opaque operations and disconnected systems. By harnessing recent advancements in IoT connectivity, artificial intelligence (AI), cloud computing and video imagery, we are enabling the digital transformation of physical operations. Using our Connected Operations Cloud, customers can visualize their physical operations in real-time, on one integrated platform in a way that would have been impossible and impractical only a few years ago.

Our Connected Operations Cloud consolidates data from our IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for organizations to access, analyze and act on data insights, using our cloud dashboard, custom alerts and reports, mobile apps and workflows. Our differentiated, purpose-built suite of solutions enables organizations to embrace and deploy a digital, cloud-connected strategy across their operations. With Samsara, customers have the ability to drive safer operations, increase business efficiency, and achieve their sustainability goals, all to improve the lives of their employees and the customers they serve.

(Samsara, Inc. priced its IPO at $23 – the top of its $20-to-$23 range – on 35 million shares, the same number of shares in the prospecuts, to raise $805 million.)

Industry: Services - Computer Integrated Systems Design
Employees: 1490
Founded: 2015
Contact Information
Address 350 Rhode Island Street 4th Floor, South Building San Francisco, California 94103
Phone Number (415) 985-2400
Web Address http://www.samsara.com/
View Prospectus: Samsara, Inc.
Financial Information
Market Cap $10757.53mil
Revenues $378.53 mil (last 12 months)
Net Income $-138.44 mil (last 12 months)
IPO Profile
Symbol IOT
Exchange NYSE
Shares (millions): 35.0
Price range $23.00 - $23.00
Est. $ Volume $805.0 mil
Manager / Joint Managers Morgan Stanley/ Goldman Sachs/ J.P. Morgan/ Allen & Co. / RBC Capital Markets/ Wells Fargo Securities/ Evercore ISI/ William Blair
CO-Managers Cowen/ Wolfe/ Nomura Alliance/ Academy Securities/ Loop Capital Markets/R. Seelaus & Co., LLC/ Ramirez & Co., Inc./ Siebert Williams Shank
Expected To Trade: 12/15/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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