Business
IoT data collector Samsara’s IPO will be fun to watch
Happy Friday! The TechCrunch crew is still in a modest period of repose thanks to the Thanksgiving holiday, but we wanted you to have numbers to chew on all the same. So, this morning, we’re taking a brief look at Samsara’s IPO filing.
The Exchange explores startups, markets and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
You may have heard of Samsara. Founded in 2015, it’s raised more than $900 million during its life as a private company, per Crunchbase data, including a simply massive $700 million round in 2020 that valued Samsara at $5.4 billion.
Big bucks for a young company, yes, but does it have the results to back them up?
We’ll find out. But first, we have to talk about what Samsara actually does. And for that, we have to start with a phrase that you haven’t read as much about lately: IoT.
What does Samsara do?
If you are new to a company, reading its IPO filing is always good fun. You get to play a very diverting game — Can the Company Actually Explain What It Does? Most companies cannot.
It seems, in many cases, that after seventy-eleven rounds of edits between lawyers, bankers, comms staff, PR pros and executives, how most companies talk about themselves when they go public has been reduced to a lukewarm stew of corporate gibberish.
Thankfully, this is not the case with Samsara. Its business is actually pretty easy to understand.
-
Business7 days ago
Women in AI: Rep. Dar’shun Kendrick wants to pass more AI legislation
-
Entertainment4 days ago
‘Furiosa: A Mad Max Saga’ review: George Miller’s blazing action folktale might just have outdone ‘Fury Road’
-
Business6 days ago
Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth
-
Entertainment5 days ago
‘House of the Dragon’ Season 2 trailer breakdown: Dragons, Rook’s Rest, and more
-
Entertainment4 days ago
Sex education is under threat in the UK. What’s going on?
-
Business4 days ago
Orange Charger thinks a $750 outlet will solve EV charging for apartment dwellers
-
Business4 days ago
Senate study proposes ‘at least’ $32B yearly for AI programs
-
Entertainment6 days ago
Apple iPad Pro 2024 (13-inch) review: The battery life is bonkers