Domo (company)

Domo (company)

Domo designs and delivers an executive management platform as a service to help executives manage their business.

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

April 2017

Domo raises a $100,000,000 series D round from Glynn Capital Management, GGV Capital, Capital Group and BlackRock.

February 2014

Domo raises a $825,000,000 series C round from Fidelity Investments, Morgan Stanley Investment Management, Viking Global Investors, GGV Capital, Salesforce, Greylock Partners, TPG Growth, IVP, Mercato Partners, T. Rowe Price and Dragoneer Investment Group.

March 2013

Domo raises a $60,000,000 series B round from David Duffield, GGV Capital, Bezos Expeditions, Greylock Partners, BYU Cougar Capital, Founders Fund, Mercato Partners and Aneel Bhusri.

July 13, 2011

Domo raises a $33,000,000 series A round from Benchmark Capital, Transmedia Capital and SV Angel.

Funding rounds

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People

Name
Role
LinkedIn

Amit Agarwal

Employee

Amy Sanford

Employee

Chad Garrick

Employee

Cory Fugate

Employee

Dan Baker

Employee

Jamielyn Dimond

Employee

John Thompson

Investor

Kaulana Shum

Employee

Kip Lawrence

Employee

Mason Chenn

Employee

Matt Cohler

Board member

Mikhail Gorelkin

Employee

Orlando Jones

Employee

Patrick Auld

Employee

Prashant G

Employee

Sayali Vijay Kajale

Employee

Sergio Soria

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
Martin Heller
December 24, 2019
CIO
Self-service business intelligence has become the go-to tool for business decisions. Here's how Domo and Tableau stack up on features and pricing.
April 26, 2019
WebWire
Domo (Nasdaq: DOMO), provider of the leading cloud-based operating system for business, announced that Daniel Daniel, former managing director at Blackrock, has joined its board of directors. At BlackRock, Daniel was a senior investor researching companies around the world impacted by technological change. On the $60 billion Global Allocation Fund, he was responsible for investments across a wide range of technology markets spanning software, hardware, internet, e-commerce, communicatio...

References

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