Wednesday, January 2, 2019

Samsara Snags $100M

San Francisco-based Samsara, a developer of fleet tracking and related asset tracking technology, has raised $100M more in a funding round, the company said over the holidays. According to Samsara, the new funding came from existing investors Andreessen Horowitz and General Catalyst. The company said it will use the new funding for technology development, to grow its international presence, and for its sales and support teams. The company said it hopes to hire 1,000 new employees this year, in San Francisco, San Jose, and London, as well as at a new "East Coast hub" in Atlanta. The company said the new funding brings its total raised to $230M, and values the firm at $3.6 billion.