Internet of things News
The 10 Coolest Industrial IoT Startups Of 2020
CRN looks at industrial IoT startups that made big moves this year, between new funding rounds, product launches, partnerships and executive hires.
CEO: Sanjit Biswas
Samsara is tackling the transportation and industrial markets with a sensor data platform for connected operations that combines advanced cameras and sensors with software.
The San Francisco-based startup raised $400 million in new funding, according to a May filing with the U.S. Securities and Exchange Commission, adding to the $300 million the company previously raised in September 2019. According to Bloomberg, the funding gave Samsara a new valuation of $5.4 billion, and new investors included AllianceBernstein Holding LP and General Atlantic.
This year, the company was ranked No. 24 in North America for Deloitte’s Technology Fast 500, with three-year revenue growth of 9,031 percent.