Samsara is the developer of a Connected Operations Cloud designed to allow businesses that depend on physical operations to harness IoT (Internet of Things) data to develop actionable business insights and improve their operations.
Andreessen Horowitz-backed software startup Samsara Inc on Friday revealed a surge in revenue and a smaller loss, as it disclosed its finances for the first time ahead of an initial public offering in the United States.
The San Francisco-based company was valued at $5.4B last year, Bloomberg News reported. Founded in 2015, Samsara serves more than 20,000 customers across transportation and logistics, food production, energy, construction as well as local and state governments. Samsara did not provide any other details on its IPO plans.