AllianceBernstein led a $400m funding round in Samsara Networks.

AllianceBernstein led a $400m funding round in Samsara Networks, a startup focused on internet-of-things technology. AllianceBernstein, Franklin Templeton, General Atlantic, Sands Capital Management and Warburg Pincus are new investors that participated in the round. Previous backers that invested again include Andreessen Horowitz, General Catalyst, Dragoneer Investment Group and Tiger Global Management. “The deep economic impacts of Covid-19 have now become clear. We have a strong business with continued revenue growth, but must address the realities of the economic situation,” Lindsay McKinley, Samsara Networks spokeswoman.