Samsara cuts jobs, sees valuation dip with $400M round
May 22, 2020
Samsara, a developer of internet-of-things technology for manufacturing, transportation, logistics and other industries, has raised $400 million at a $5.4 billion valuation, according to Bloomberg. The San Francisco-based company was valued at $6.3 billion after securing $300 million last September. Samsara also reportedly announced 300 layoffs, representing 18% of its staff, at a company town hall on Wednesday.