$IOT Samsara Inc Deep Dive and 2024 outlook

The Internet of Things Pioneer is richly valued, but growth has been stellar

Samsara Inc. is a company that provides Internet of Things (IoT) solutions, connecting physical operations data to its Connected Operations Cloud. Founded in 2015 and headquartered in San Francisco, California, Samsara serves a wide range of industries, including transportation, construction, field services, logistics, utilities and energy, healthcare, education, manufacturing, and government.

Samsara, founded in 2015 by Sanjit Biswas and John Bicket, is a company that specializes in Internet of Things (IoT) solutions aimed at improving the safety, efficiency, and sustainability of operations of trucks and fleets. The founders, who previously co-founded Meraki (now part of Cisco Systems), launched Samsara to digitize physical operations through innovative technology, including vehicle telematics, equipment monitoring, and video-based safety products.

Samsara's product suite encompasses a range of integrated solutions designed to enhance operational visibility and control. These include video-based safety tools with AI dash cams for real-time incident detection, vehicle telematics for fleet management, apps and driver workflows for enhanced driver efficiency, equipment monitoring for asset tracking, and site visibility solutions for improved worksite security.