Feb 11, 2021   SOURCE: PR NewsWire

Samsara Surpasses $300 Million Run-Rate Subscription Revenue in Just Five Years

SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ -- Samsara, the Connected Operations Cloud company, today announced it has surpassed $300 million in run-rate subscription revenue in just five years, with more than 80% annual growth as of its most recent fiscal fourth quarter ended Jan. 30, 2021.

Using trillions of IoT data points, Samsara's Connected Operations Cloud helps more than 20,000 customers improve the safety, efficiency and sustainability of the operations that power the global economy. Samsara operates in North America and Europe and serves a wide range of industries, including construction, education, energy, field services, food and beverage, government, passenger transit, transportation and warehousing and utilities.

"From the beginning, we have focused on the world of physical operations. These industries represent 40% of US GDP and have been largely overlooked by the tech industry," said Sanjit Biswas, Samsara co-founder and CEO. "Our customers are on the front lines of keeping the world's economy and infrastructure running. Over the past year, we have seen customers accelerate their adoption of technologies that provide real-time visibility, remote coaching and workflows and technology integrations that are more critical than ever in the current environment. We are in the early stages of unlocking the power of IoT data to help our customers transform their businesses through smarter operations."

Samsara allows companies to connect their fleets, equipment and sites within one integrated platform, where they can analyze data about safety, location, utilization, maintenance, compliance, and energy and fuel efficiency, generating meaningful insights for their business. This allows customers to quickly address issues in real-time, proactively manage maintenance requirements and provide valuable context for any situation. With Samsara, customers save time and money while maximizing safety and efficiency across their operational footprint.

In the last fiscal year (which ended on Jan. 30, 2021), Samsara reached the following milestones:

Large and Growing Customer Base with Expansion Opportunity

    --  Surpassed 20,000 customers.
    --  Welcomed new customers including Sherwin-Williams, PODS, City of
        Sacramento, DOT Foods, SoCal Edison, City of Boston, Goodfellow Bros.,
        MacAllister Machinery, Kelly Group, Clean Harbors and Liberty Oilfield
        Services.

Rapid Innovation and Data at Scale

    --  Announced new product solutions including Site Visibility and industrial
        equipment monitoring, to bring customers full operational visibility
        across commercial fleets, equipment and sites.
    --  Continued high velocity innovation, adding 7 new patents and releasing
        more than 200 features in the past year, including the Samsara Fleet
        app, EV solutions and accessibility reports, safety AI features for
        tailgating and distracted driving, and mask detection for customers in
        sectors like passenger transit and healthcare.
    --  Analyzed 1.6 trillion IoT data points to provide real-time updates and
        analytics to our customers.
    --  Released new data insights for customers, including City Insights, a
        free resource for government leaders to access and explore commercial
        mobility trends within their cities.

Open Platform Powering Ecosystem of Applications and Partnerships

    --  Onboarded more than 400 channel and integration partners this year,
        including Nationwide, Volvo Trucks North America and Mack Trucks, Ford,
        Penske, Navistar, FleetCor, AssetWorks and Thermo King.
    --  Launched new programs with existing partners, such as Uber Freight,
        Edulog and RLI Insurance.
    --  Included data from 70+ integration partners to the Samsara platform from
        Samsara's open API. More than 6,000 customers are now using API
        integrations, and the average large customer with at least 1,000 devices
        is now using more than four integrations.

High Velocity, Disruptive SaaS Business Model

    --  Surpassed $300 million run-rate subscription revenue, an annual increase
        of more than 80%.
    --  Achieved a gross margin of above 70%.
    --  Exceeded 450 Samsara customers with annual recurring revenue of at least
        $100,000.

Recognition as High-Growth Technology Company

    --  Received recognition as a high-growth technology company making an
        impact on the world of physical operations. Select awards received
        include: Forbes Cloud 100, LinkedIn Top Startups, Deloitte Technology
        Fast 500, FreightWaves FreightTech 25 and Software Report Top SaaS CEOs.

Samsara's investors include: AllianceBernstein Holding LP, Andreessen Horowitz, Dragoneer Investment Group LLC, Franklin Templeton, General Atlantic, General Catalyst, Sands Capital Management, Tiger Global Management and Warburg Pincus LLC.

About Samsara
Samsara, the Connected Operations Cloud company, collects trillions of IoT data points to help more than 20,000 customers improve the safety, efficiency and sustainability of the operations that power the global economy. Samsara operates in North America and Europe and serves a wide range of industries including construction, education, energy, field services, food and beverage, government, passenger transit, transportation and warehousing and utilities. Learn more at www.samsara.com.

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SOURCE Samsara