Industrial Tech Biz Samsara Lands $300M Funding Round

By Elise Hansen (September 10, 2019, 3:38 PM EDT) -- Samsara, an internet of things company catering to operational industries, said Tuesday it raised $300 million in a funding round backed by investors such as Andreessen Horowitz and Tiger Global Management.

The funds will be used to grow the company's product offerings and geographic reach, according to the announcement. With the latest injections, Samsara said it has raised a total of $530 million to date.

Samsara caters to customers in industries such as transportation, field services, food production, energy, construction and manufacturing. Its internet-connected products and services include fleet tracking, safety cameras, and routing and dispatch technology, according to its website....

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