9 AI Stocks Investors Are Monitoring

7. Samsara Inc. (NYSE:IOT)

Number of Hedge Fund Holders: 30

Samsara Inc. (NYSE:IOT) is the pioneer of the Connected Operations® Cloud, a platform enabling organizations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve operations. On February 4^th, the company announced that thousands of transportation organizations have standardized on Samsara’s Connected Operations® Cloud platform. Transportation organizations have been able to leverage this platform to achieve an average of more than $2M in fleet-related benefits per organization annually. Trained on the world’s largest Connected Operations dataset, Samsara’s AI-powered platform empowers customers to reduce accident rates, lower fuel spending, decrease violations, improve compliance, and keep insurance costs down.

“Samsara’s focus has and will continue to be delivering for our customers. We achieve this by understanding the back office, the cab, the warehouse, and everywhere they operate so we can build solutions that best support them. We’re excited to continue innovating alongside our transportation customers and to increase the safety, efficiency, and sustainability of this critical industry.”

-Robert Stobaugh, Chief Customer Officer at Samsara.