Samsara’s $300 Million Funding Round

Fenwick & West represented Samsara in the transaction.

Samsara, which offers a complete hardware, software and cloud platform that brings IoT to operations of all sizes, raised a $300 million round of funding.

The funding comes from new investors Tiger Global and Dragoneer, along with existing investors Andreessen Horowitz and General Catalyst.

The round values Samsara at $6.3 billion, and brings the total funding raised to $530 million.

With this capital, Samsara will develop new products for their customers, expand into new geographical markets, and grow their team to continue delivering a great customer experience as they scale. Samsara’s growing suite of solutions includes vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls – all in an integrated, open, real-time platform.

Fenwick represented Samsara with a team led by corporate partner Richard Dickson (Picture) and associates Patrick Grilli and Jenna Hsieh.

Involved fees earner: Richard Dickson – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Jenna Hsieh – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Samsara;

Author: Ambrogio Visconti