Samsara, a $5.4 billion IoT startup that laid off 300

Samsara, a $5.4 billion IoT startup that laid off 300 employees and raised a down-round in May, is betting its business on customers in 'industries that are ramping up to support the economy'

Business Insider

Published 11 Aug 2020

· In May, the $5.4 billion Internet of Things startup Samsara laid off 300 employees, or 18% of its workforce amid the coronavirus pandemic.
· It also raised a $400 million down round, lowering its valuation from $6.3 billion, although it's still one of the most valuable venture-backed AI startups.
· Samsara is now targeting...

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Samsara, a $5.4 billion IoT startup that laid off 300 employees and raised a down-round in May, is betting its business on customers in 'industries that are ramping up to support the economy'

Samsara, a $5.4 billion IoT startup that laid off 300 employees and raised a down-round in May, is betting its business on customers in 'industries that are ramping up to support the economy'

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