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.
Law Firms: Fenwick & West LLP;