Y Combinator’s Garry Tan Goes to the MatRead more

Samsara CEO Sanjit Biswas. Photo via Samsara

Samsara’s CEO Plans to Keep Investing Even as Economy Cools

Photo: Samsara CEO Sanjit Biswas. Photo via Samsara

In 2014, Sanjit Biswas was puzzled by something. Consumers were benefiting from new technologies like Nest smart thermostats—part of a category of online-connected devices known as the internet of things. But Biswas didn’t see anyone building a complete suite of software and hardware products to help businesses connect their trucks, cars and other equipment to the IoT.

Eight years later, the startup he co-founded to build those products, Samsara, is a publicly traded company valued at $6.5 billion that helps customers track online data from equipment—for example, Boston's transit authority uses Samsara's platform to track the location of its buses. With businesses pulling back on spending amid the turbulent economy, though, this is an uneasy time to be an unprofitable midsize tech company like Samsara, which has seen its stock fall 44% from its initial public offering price last December. But in an interview with The Information, Biswas didn’t sound like an executive in retreat.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella. Photos via Getty
Exclusive microsoft ai
How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI , the startup Microsoft funded in exchange for the right to use its cutting-edge technology.
From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Exclusive startups ai
Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company.