| Domo, Inc. | |
| Type: | Public |
| Traded As: | NASDAQ: (Class B) Russell 2000 Index component |
| Industry: | Computer Software |
| Founder: | Josh James |
| Location City: | American Fork, Utah |
| Location Country: | US |
| Area Served: | Worldwide |
| Key People: | John Mellor (CEO & board member) |
| Revenue: | $258.0 Million[1] |
| Revenue Year: | 2022 |
| Num Employees: | 824[2] |
Domo, Inc. is an American cloud software company based in American Fork, Utah, United States. It specializes in business intelligence tools and data visualization.[3]
Domo, Inc. was founded in 2010 by Josh James[4] [5] [6] After leaving Adobe, on October 2010, James started Shacho, Inc.[7] In December 2010, Shacho purchased Lindon-based Corda Technologies.[8] James changed Shacho's name to Domo.[9]
In March 2021, Domo was named on the Women Tech Council (WTC) 2020 Shatter List for the fourth consecutive year for hiring and retaining women in IT careers.[10]
Initial investors in Domo include Benchmark Capital, Andreessen Horowitz, Ron Conway and David Lee of SV Angel, Hummer Winblad, salesforce.com’s Marc Benioff, and Fraser Bullock of Sorenson Capital.[4] [11] [12] In 2011, $20 million came from Silicon Valley-based Institutional Venture Partners, which also invested in Josh James’ previous start-up, Omniture.[4] [11] In 2013, the company announced a Series B investment of $60 million from GGV Capital, Greylock, Bezos Expeditions, and Co-CEOs of Workday, Aneel Bhusri and Dave Duffield.[13]
In February 2014, Domo announced Series C funding of an additional $125 million from multiple investors including TPG Growth, T. Rowe Price, and Viking Global Investors. Existing investors GGV Capital, Greylock Partners, IVP, and Mercato Partners also participated.[14]
In April 2015, Domo, Inc. raised another $200 million in Series D financing with a $2 billion valuation. The round was led by BlackRock and Glynn Capital Management, Capital Group and GGV.[15] In March 2016, the company closed a Series D investment round of $131 million with its existing investors and new investors, including Credit Suisse and Capital Advisors.[16]
On April 27, 2017, Domo raised $200 million in Series D funding led by Blackrock, with participation from Capital Group, Glynn Capital Management, and GGV Capital.[17] Domo, Inc. was listed on the NASDAQ Global Exchange on June 29, 2018, with an initial offering of 9,200,000 shares at $21.00 per share.[18]
Domo, Inc is a cloud-based platform designed to provide real-time access to business data for decision makers across the company with minimal IT involvement.[19] [20] [11] [21] [22] It is a Software-as-a-Service (SaaS) venture.[4] [19]