Samsara is a pioneer in the Connected Operations Cloud, providing a platform that harnesses internet of Things (IoT) data to develop actionable insights for businesses with physical operations. Founded in 2015, Samsara's technology enables companies in industries such as transportation, construction, energy, utilities, and retail to digitize and optimize their operations. The company's core offering is a cloud-based platform that collects and analyzes data from IoT devices, sensors, cameras, and third-party systems to provide real-time visibility into fleet operations, asset utilization, and safety.
Samsara's solutions include vehicle telematics, AI-powered dash cams, equipment monitoring, and site visibility tools. These technologies help businesses improve safety, increase efficiency, and enhance sustainability. For example, Samsara's video-based safety solution enables HD recording, driver safety coaching, and real-time driver feedback, which has helped customers significantly reduce accidents and insurance premiums. The platform also offers features for route optimization, fuel savings, compliance management, and predictive maintenance.
As of April 2023, Samsara reported total annual recurring revenue (ARR) of USD 856.2 million, representing 41% year-over-year growth. The company's Connected Operations Cloud processes over 4.6 trillion sensor data points annually, providing customers with comprehensive insights to streamline their operations. Samsara continues to invest heavily in research and development, with R&D expenses increasing from USD 60.4 million to USD 73.0 million year-over-year, demonstrating its commitment to innovation and expanding its product offerings.
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