Domo, Inc. is an American

cloud software Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to ISO. Essential characteristics ...

company based in American Fork,

Utah Utah is a landlocked state in the Mountain states, Mountain West subregion of the Western United States. It is one of the Four Corners states, sharing a border with Arizona, Colorado, and New Mexico. It also borders Wyoming to the northea ...

, United States. It specializes in

business intelligence Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. Common functions of BI technologies include Financial reporting, reporting, online an ...

tools and

data visualization Data and information visualization (data viz/vis or info viz/vis) is the practice of designing and creating Graphics, graphic or visual Representation (arts), representations of a large amount of complex quantitative and qualitative data and i ...

History

Domo, Inc. was founded in 2010 by

Josh James Josh James is an American entrepreneur, founder and former CEO of Domo, a software-as-a-service (SaaS) company. He was co-founder and CEO of Omniture, a web analytics company. Career James attended Brigham Young University into his senior yea ...

After leaving

Adobe Adobe (from arabic: الطوب Attub ; ) is a building material made from earth and organic materials. is Spanish for mudbrick. In some English-speaking regions of Spanish heritage, such as the Southwestern United States, the term is use ...

, in October 2010, James started Shacho, Inc. In December 2010, Shacho purchased Lindon-based Corda Technologies. James changed Shacho's name to Domo.

Investors

Initial investors in Domo include

Benchmark Capital Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden. The firm is known for its equal partnership structure and focus on early-stage investing, typically leading the firs ...

, Andreessen Horowitz, Ron Conway and David Lee of SV Angel, Hummer Winblad, Salesforce.com’s Marc Benioff, and Fraser Bullock of Sorenson Capital. In 2011, $20 million came from Silicon Valley–based

Institutional Venture Partners Institutional Venture Partners (IVP) is a US-based venture capital firm focused on fast-growing technology companies. IVP was founded in 1980, as one of the first venture capital firms in Silicon Valley. History Reid W. Dennis, the founder of In ...

, which also invested in Josh James’ previous start-up, Omniture. In 2013, the company announced a Series B investment of $60 million from GGV Capital, Greylock,

Bezos Expeditions Bezos Expeditions is an American investment firm based in Mercer Island, Washington. It serves as a family office for Amazon.com founder Jeff Bezos by managing his personal investments. The firm invests both in early and late stage ventures of ...

, and Co-CEOs of Workday, Aneel Bhusri and Dave Duffield. 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 Viking Global Investors is an American investment management firm headquartered in Stamford, Connecticut that specializes in long-short equity, long-only equity, and private equity strategies. History It was established in October 1999 by its ...

. Existing investors GGV Capital, Greylock Partners, IVP, and Mercato Partners also participated. In April 2015, Domo, Inc. raised another $200 million in Series D financing with a $2 billion valuation. The round was led by

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

and Glynn Capital Management,

Capital Group Capital Group may refer to: * Capital Group Companies, an American financial services company * Capital Group (Russia), which deals with integrated development of real estate projects See also

* {{dab ...

and GGV. In March 2016, the company closed a Series D investment round of $131 million with its existing investors and new investors, including

Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...

and Capital Advisors. On April 27, 2017, Domo raised $200 million in Series D funding led by

Blackrock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

, with participation from

* {{dab ...

, Glynn Capital Management, and

GGV Capital GGV Capital was an American venture capital firm. The firm was established in 2000 and was headquartered in Menlo Park, California. Formerly known as Granite Global Ventures, the firm had become one of the most active American investors in the C ...

. 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.

Overview

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. It is a Software-as-a-Service (

SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

) venture. In May 2024 Domo was named on the Women Tech Council (WTC) 2020 Shatter List for the seventh consecutive year for hiring and retaining women in IT careers.

References

{{Reflist, 2 Software companies based in Utah Business software companies 2010 establishments in Utah Business intelligence companies Software companies established in 2010 Data companies Companies based in Utah County, Utah Data and information visualization software Extract, transform, load tools Business software Companies listed on the Nasdaq 2018 initial public offerings American Fork, Utah Software companies of the United States