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Domo

Domo

Domo is a US-based software company offering an executive management platform.

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Contents

Domo Inc is a US-based software company. It offers a cloud-based operating system that integrates every component of a business with real-time business dashboard visualization and key performance indicator reporting. The platform unifies data, systems, and people for a digitally connected business. The company provided solutions have application in different industries such as education, financial services, healthcare, hospitality, transportation, among others. The company's solution is comprised of seven elements including connectors, data warehouse and a query engine, Domo ETL, data analysis and visualization tools, artificial intelligence algorithms, collaboration tools, and apps and partner ecosystem. Geographically, the United States comprises maximum revenue for the company.

Domo operates a cloud-based platform that connects people, data, and systems in an organization, gives access to data and insights.

Domo also offers a Programmatic Revenue Solution that brings data from ad servers and sell-side platforms into a set of cards and dashboards built on practices in the advertising technology industry.

Josh James founded Domo Technologies on October 2010, which became simply Domo in December 2011, with its headquarters in American Fork, Utah.

Funding
Seed

On November 19, 2010 Domo announced raising $650,000 in seed funding from Jeff Kearl.

Series A

On January 31, 2012 Domo announced raising $20 million in series A funding from IVP (Institutional Venture Partners) and HWVP (Hummer Winblad Venture Partners). The company plans on using their series A funding to increase its sales and marketing efforts.

Series B

On March 11, 2013 Domo announced raising $60 million in series B funding from Mercato Partners, Greylock Partners, GGV Capital, Founders Fund, Bezos Expeditions, BYU Cougar Capital, and Jeff Bezos. The founder and CEO of Josh James made the following statement regarding the company's series B round:

Domo’s first two years were spent building a product to change the way people think about enterprise software. Then we began selling and raising capital to strengthen the balance sheet in preparation for our next phase of growth. We had an amazing response and raised twice the amount we intended. Investors with whom we met said they had never seen anything like Domo, and we ended up turning away more than $50 million in additional funds for this round. We’re encouraged by the belief investors and customers have in the power of Domo to transform business. The new capital, with the experience of our A-list team of investors, gives us incredible fuel and flexibility to accelerate growth.
Series C

On February 5, 2014 Domo announced raising $125 million in series C funding from TPG Growth (lead investor), Viking Venture Management, T.Rowe Price, Salesforce Ventures, Morgan Stanley, Meritech Capital Partners, Mercato Partners, IVP (Institutional Venture Partners), HWVP (Hummer Winblad Venture Partners), and Greylock Partners. At the time of announcing their series C funding round, Domo had a post money evaluation of $825 million. The company plans on using their series C funding to double its sales team and hire more engineers.

Series D

On April 27, 2017 Domo announced raising $100 million in series D funding from BlackRock (lead investor), Total Access Fund, TPG, IVP (Institutional Venture Partners), Greylock Partners (Green D Ventures), Chestnut Street Ventures, Castor Ventures, and Blue Ivy Ventures. Domo had a post-money evaluation of $2.3 billion. Josh James, the founder and CEO of Domo, made the following statement regarding the company's future plans:

As a private company, we have flexibility to invest and experiment with revolutionary ways to deliver data into the hands of business decision makers, to drive more effective and efficient decisions. We'll continue to make significant investments in our platform to ensure that both new and existing customers become even more successful by leveraging the power of Domo. The international family offices that invested in this round are delivering great leads on customers, partners and employees to accelerate our expansion in those regions.

Timeline

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

Critical PPE delivery to the State of Utah

https://www.youtube.com/watch?v=C2grYSc902I&t=4s

Web

April 23, 2020

References

domo.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Cloud computing
Cloud computing
Business intelligence (BI)
Business intelligence (BI)
Big data
Big data
Information technology
Information technology
No-code / low-code development
No-code / low-code development
Enterprise software
Enterprise software
Software
Software
IT service management
IT service management
...
Location
American Fork, Utah
American Fork, Utah
B2X
B2B
B2B
CEO
‌
John Mellor
Josh James
Josh James
Founder
Josh James
Josh James
Pitchbook URL
pitchbook.com/profiles.../52379-92
Legal Name
Domo, Inc.
Number of Employees (Ranges)
501 – 1,000
Full Address
772 East Utah Valley Drive American Fork, UT 84003
Investors
BYU Cougar Capital
BYU Cougar Capital
Jeff Bezos
Jeff Bezos
Transmedia Capital
Transmedia Capital
SV Angel
SV Angel
Marc Benioff
Marc Benioff
Jeff Kearl
Jeff Kearl
‌
John Pestana
‌
David Lee
...
Founded Date
2010
Email Address
info@domo.com
Phone Number
+18018991000
Fax Number
801.805.9501
Total Funding Amount (USD)
318,000,000
Latest Funding Round Date
April 2017
Competitors
Ikigai Labs
Ikigai Labs
Phocas Software
Phocas Software
AppInstitute
AppInstitute
EdgeLeap
EdgeLeap
Quaestor
Quaestor
Alteryx
Alteryx
Sisense
Sisense
Yellowfin Business Intelligence
Yellowfin Business Intelligence
...
Stock Symbol
DOMO
Exchange
Nasdaq
Nasdaq
Glassdoor ID
627923
CTO
‌
Daren Thayne
CFO
‌
Bruce Felt
Latest Funding Type
Series D round
Series D round
Latest Postmoney Valuation
2,300,000,000
Legal Entity Identifier
549300X57AGT5JULJ761-1
COO
‌
Catherine Wong
Wellfound ID
domo-technologies

Other attributes

Company Operating Status
Active
Country
United States
United States
Headquarters
American Fork, Utah
American Fork, Utah
Latest Funding Round Amount (USD)
100,000,000
Market Capitalization
925,980,000
Wikidata ID
Q5291323

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