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Samsara Inc - IOT STOCK NEWS

Welcome to our dedicated page for Samsara news (Ticker: IOT), a resource for investors and traders seeking the latest updates and insights on Samsara stock.

Samsara Inc. (NYSE: IOT) is a leading provider of the Connected Operations™ Cloud, an innovative platform that connects physical operations data to improve efficiency, safety, and sustainability. Samsara’s core solution integrates data from vehicles, assets, and equipment into a unified data platform, enabling organizations to gain actionable insights and streamline operations.

Headquartered in San Francisco, Samsara serves tens of thousands of customers across North America and Europe, including prominent names in construction, transportation, logistics, manufacturing, retail, field services, and the public sector. The company’s end-to-end solution leverages IoT data to offer unparalleled visibility and control over physical operations.

One of Samsara’s significant achievements is its integration with MapUp’s TollTally, a real-time toll billing solution. This collaboration automates toll billing and reimbursement, enhancing operational efficiency and reducing administrative burdens for fleet operators. TollTally's AI-driven, GPS-based toll tracking ensures accurate toll expenses management, making it a valuable addition to Samsara’s fleet management platform.

Samsara’s Connected Operations™ Cloud has been instrumental in helping organizations improve their operational performance. By consolidating data into a single platform, it provides the necessary insights for safer, more efficient, and sustainable operations. The company continues to innovate and expand its solutions to meet the evolving needs of its diverse customer base.

For more information on Samsara’s solutions and current projects, visit the Samsara website.

News

Samsara Marks a Milestone Year of Impact with Global Customers

Rhea-AI Summary
Samsara Inc. (NYSE: IOT) announces impressive growth figures for fiscal year 2024, including $1.1 billion in annual recurring revenue, 39% YoY revenue growth, and 49% YoY growth in $100K+ ARR customers. The platform processed over 9 trillion data points, supported 75 billion API calls, and expanded its App Marketplace to 270+ partner integrations.
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13.97%
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TMS, a Top Logistics and Transportation Company, Has Selected Samsara to Improve the Safety of Its Drivers and Operations

Rhea-AI Summary
Samsara Inc. (NYSE: IOT) collaborates with TMS to reduce accidents and costs by 24% in 2024. The partnership integrates Samsara's AI Dash Cams to enhance road safety standards and protect drivers and assets. TMS aims to train drivers effectively and prioritize safety while investing in cutting-edge technology.
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13.97%
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Samsara Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results

Rhea-AI Summary
Samsara Inc. (NYSE: IOT) reported impressive Q4 revenue of $276.3 million, showing 48% year-over-year growth, and ending ARR of $1.102 billion, a 39% increase. The company's financial highlights include strong growth in total revenue and adjusted revenue, positive adjusted free cash flow, and a significant rise in customers with ARR over $100,000.
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13.97%
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Samsara Earns Great Place to Work Poland Certification™

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Samsara Inc. (NYSE: IOT) has been recognized as a Great Place To Work in Poland, emphasizing its commitment to creating an inclusive and empowering workplace culture. The company's positive approach towards inclusion, teamwork, and work-life balance has led to high employee satisfaction rates in Poland. Samsara aims to attract top engineering talent globally and in Poland, leveraging the country's tech talent pool and world-class universities.
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3.03%
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Motive Files Lawsuit Against Samsara to Protect Innovation and Fair Competition

Rhea-AI Summary
Motive Technologies, Inc. files a lawsuit against Samsara Inc. for alleged patent infringement, theft of intellectual property, and false advertising. Motive claims Samsara copied its products and technology, poached key engineering leaders, and engaged in deceptive practices. Samsara's AI capabilities are questioned, and Motive seeks damages and the return of profits.
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Samsara to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on March 7, 2024

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Samsara Inc. (NYSE: IOT) will release its financial results for the fourth quarter of fiscal year 2024 on March 7, 2024, after the U.S. market closes. A live webcast to discuss the results will take place at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). The webcast replay will be accessible from the Samsara investor relations website at investors.samsara.com.
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3.38%
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Samsara Sues to Stop Patent Infringement, False Advertising by Motive

Rhea-AI Summary
Samsara Inc. files a lawsuit against Motive Technologies, Inc. for patent infringement, false advertising, and illegal conduct. The lawsuit alleges that Motive stole core Samsara technologies, infringing three of Samsara’s patents. The allegations highlight that Motive’s CEO Shoaib Makani was personally involved in Motive’s conduct, along with other senior-level employees down to members of the Sales and Customer Support teams. Samsara’s Complaint asserts that Motive illegally accessed Samsara’s platform, copied Samsara’s marketing materials, and made unsubstantiated advertising statements.
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Samsara Named One of the Best Places to Work by Glassdoor

Rhea-AI Summary
Samsara Inc. (NYSE: IOT) has been recognized as one of Glassdoor’s Best Places to Work in 2024, showcasing the company's commitment to fostering an exceptional work environment. Samsara employees ranked the company highly, with a rating of 4.5/5, CEO approval at 96%, and 91% recommending Samsara to a friend.
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Samsara Joins California Bureau of Automotive Repair’s Continuous Testing Program Pilot to Streamline Smog Checks for Public Sector Fleets

Rhea-AI Summary
Samsara Inc. (NYSE: IOT) has joined the California Bureau of Automotive Repair’s Continuous Testing Program (CTP) pilot to automate smog testing and reporting for government vehicles in California. Emissions and diagnostic data from Samsara can now be integrated with the California BAR to automate the smog reporting process, reducing downtime and managing compliance. The City of Ventura is currently participating in the CTP pilot, aiming to reduce downtime and run tests more effectively. Samsara's platform is helping pave the way to a cleaner tomorrow by streamlining the smog testing and reporting process for public sector fleets across the state.
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Roelofs Transport Sees a 60% Reduction in Non-Fault Claims With Samsara’s Real-Time AI-Powered Solutions

Rhea-AI Summary
Roelofs Transport (RLOF) partners with Samsara to digitize and optimize its fleet operations, reducing processes by 95% and non-fault claims by 60%. The collaboration has led to improved safety, efficiency, and customer service, benefiting both the company and its customers.
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-2.57%
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FAQ

What is the current stock price of Samsara (IOT)?

The current stock price of Samsara (IOT) is $52.82 as of February 21, 2025.

What is the market cap of Samsara (IOT)?

The market cap of Samsara (IOT) is approximately 30.7B.

What is Samsara Inc. known for?

Samsara Inc. is known for its Connected Operations™ Cloud, which helps organizations integrate and analyze IoT data to improve operational efficiency, safety, and sustainability.

Where is Samsara Inc. headquartered?

Samsara Inc. is headquartered in San Francisco, California.

What industries does Samsara serve?

Samsara serves various industries including construction, transportation, logistics, manufacturing, retail, field services, and the public sector.

What recent partnerships has Samsara entered?

Samsara recently partnered with MapUp to integrate the TollTally toll billing solution into its platform, offering automated toll expense management for fleet operators.

How does the Connected Operations™ Cloud benefit organizations?

The Connected Operations™ Cloud helps organizations by consolidating data from vehicles, assets, and equipment into one platform, providing insights to enhance safety, efficiency, and sustainability.

What is TollTally?

TollTally is a real-time toll billing solution from MapUp that integrates with Samsara's platform to automate toll billing and reimbursements, improving operational efficiency for fleet operators.

How extensive is Samsara's customer base?

Samsara serves tens of thousands of customers across North America and Europe, including some of the world's leading organizations in various sectors.

What is the mission of Samsara Inc.?

Samsara’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Can you provide an example of Samsara's impact on operations?

One example is Samsara's integration with TollTally, which automates toll billing, thereby reducing administrative tasks and enhancing fleet management efficiency.

Where can I find more information on Samsara's solutions?

You can find more information on Samsara's solutions by visiting their official website at www.samsara.com.
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Samsara Inc

NYSE:IOT

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IOT Stock Data

30.67B
259.85M
3.48%
95.99%
2.08%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States
SAN FRANCISCO