News | September 13, 2022

Rubicon Enters Technology Partnership With Samsara

LEXINGTON, KENTUCKY--(BUSINESS WIRE)--

Rubicon Technologies, Inc. (“Rubicon”) (NYSE: RBT), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today announced that it has entered a technology partnership with Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, to unlock new value for shared municipal customers.

Together, Rubicon and Samsara’s complementary technology suites will help enable heavy-duty municipal fleet operations to optimize routes and citizen services, which will improve efficiency, empower drivers, lock in community safety gains, and save tax-payer dollars.

Samsara is the pioneer of the Connected Operations Cloud, built to access, analyze, and act on the world’s vast expanse of operations data. Thousands of customers spanning transportation, government, food and beverage, and more use mission-critical insights from Samsara to shape their operations. Streamlined data sharing made possible by Samsara’s open API provides customers with a single source of truth to improve efficiency, reduce costs, and maintain operational resilience.

RUBICONSmartCity™ is a proprietary, cloud-based technology suite that helps municipal governments run faster, smarter, and more effective waste, recycling, and heavy-duty municipal fleet operations. As part of this partnership, RUBICONSmartCity is now available on the Samsara App Marketplace to further improve efficiency and sustainability in government fleets. Shared municipal customers will have access to fault code, speeding, fuel level, and GPS data as well as complete visibility into vehicle diagnostics information and full operational data across the platforms, which will result in increased safety and transparency.

“Rubicon’s mission is to end waste,” said Conor Riffle, Senior Vice President of Smart Cities at Rubicon. “Our mission refers to waste in the physical sense, but also to wasted time and, in the case of Rubicon’s smart city technology products, wasted government resources. This technology partnership with Samsara allows both companies to deliver a superior solution for city solid waste departments and fleets as a whole, while continuing to save tax-payer dollars.”

Waste is a global challenge and a global opportunity. Rubicon partners with businesses and governments around the world to advance its mission through zero-waste, landfill diversion, and smart city solutions. The Company’s suite of cloud-based products helps waste collection organizations to digitize their operations, confirm service, optimize routes, and deliver exceptional customer service while improving sustainability outcomes.

“With billions of data points flowing through Samsara each day, we’re able to act as a command center for customers to run every part of their municipal operations,” said Sean McGee, Vice President, Platform and Infrastructure at Samsara. “Through this integration, we look forward to coupling the scale of Samsara’s Connected Operations Cloud with Rubicon’s smart city technology to give customers the visibility they need to provide smarter and safer citizen services.”

In 2021, RUBICONSmartCity was listed in Fast Company’s World Changing Ideas Awards in the “AI & Data” and “Spaces, Places, and Cities” categories, and it was featured in the Amazon Web Services (AWS) documentary series, Climate Next, now streaming on Amazon Prime.

RUBICONSmartCity has been rolled out in more than 80 cities across the United States, including Asheville, NC; Baltimore, MD; Columbus, OH; Durham, NC; Fort Collins, CO; Fort Smith, AR; Glendale, AZ; Greenville, NC; Hartford, CT; Houston, TX; Kansas City, MO; Memphis, TN; Montgomery, AL; Santa Fe, NM; San Antonio, TX; Savannah, GA; Scranton, PA; Spokane, WA; and Roseville, CA. The solution is available for purchase on Sourcewell, the AWS Marketplace, the HGACBuy consortium, and Marketplace.city.

About Rubicon

Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace for waste and recycling, and provider of innovative software-based products for businesses and governments worldwide. Striving to create a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals. To learn more, visit www.Rubicon.com.

About Samsara

Samsara is the pioneer of the Connected Operations Cloud, which allows businesses that depend on physical operations to harness IoT (Internet of Things) data to develop actionable business insights and improve their operations. Samsara operates in North America and Europe and serves tens of thousands of customers across a wide range of industries including transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, and food and beverage. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Rubicon Technologies, Inc. (“Rubicon”) and its management, are inherently uncertain; factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Rubicon or others following the closing of Rubicon’s business combination with Founder SPAC (the "business combination"); 2) Rubicon’s ability to meet the New York Stock Exchange's listing standards following the consummation of the business combination; 3) the risk that the business combination disrupts current plans and operations of Rubicon as a result of consummation of the business combination; 4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 5) costs related to the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Rubicon may be adversely affected by other economic, business and/or competitive factors; and 8) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Rubicon’s Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”), and other documents of Rubicon filed or to be filed with the SEC. Although Rubicon believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Rubicon presently does not know of or that Rubicon currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Rubicon does not undertake, and expressly disclaims, any duty to update these forward-looking statements, except as otherwise required by applicable law.

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