Domo, Inc.

Last updated
Domo, Inc.
Company type Public
Nasdaq:  DOMO (Class B)
Russell 2000 Index component
IndustryComputer Software
Founded2010;15 years ago (2010)
Founder Josh James
Headquarters
American Fork, Utah
,
U.S.
Area served
Worldwide
Key people
John Mellor (CEO & board member)
RevenueIncrease2.svg$258.0 Million [1]  (2022)
Number of employees
824 [2]
Website domo.com

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] and is designed to provide real-time access to business data for decision makers across the company with minimal IT involvement. [4] [5] [6] [7] It is a Software-as-a-Service (SaaS) venture. [4]

Contents

History

Domo, Inc. was founded in 2010 by Josh James [8] [9] After leaving Adobe, in October 2010, James started Shacho, Inc. [10] In December 2010, Shacho purchased Lindon-based Corda Technologies. [11] James changed Shacho's name to Domo. [12]

Investors

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. [13] [5] In 2011, $20 million came from Silicon Valley–based Institutional Venture Partners, which also invested in Josh James’ previous start-up, Omniture. [13] [5] 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. [14]

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. [15]

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 Capital. [16] 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. [17]

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. [18] 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. [19]

Board of Directors

Domo's Board of Directors as of August 2nd, 2025: [20]

Awards and recognition

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. [21]

References

  1. ↑ "Domo Announces Fourth Quarter and Fiscal 2022 Financial Results". domo.com. March 1, 2022. Retrieved 2024-05-22.
  2. ↑ "Domo (DOMO)". Forbes .
  3. ↑ Mountain, Dev. "Top 7 Hottest Tech Companies in Utah". KUTV. Retrieved 2018-06-20.
  4. 1 2 "Omniture Co-Founder Launches New Business Intelligence Venture". Enterprise Apps Today. July 14, 2011. Retrieved 2012-09-06.
  5. 1 2 3 "Business intelligence startup Domo pulls in another $20M". VentureBeat. Retrieved 2012-09-06.
  6. ↑ "Utah's Josh James among 192 Young Global Leaders". The Salt Lake Tribune. Retrieved 2012-09-06.
  7. ↑ Hardy, Quentin (October 24, 2011). "The Big Business of 'Big Data'". The New York Times Blogs. Retrieved 2012-09-06.
  8. ↑ "On Utah's 'Silicon Slopes,' Tech Jobs Get A Lift". NPR. March 12, 2012. Retrieved 2012-09-06.
  9. ↑ "Domo's Josh James: We're Making Every Employee Embrace Social Media, And It's Paying Off". TechCrunch. June 23, 2012. Retrieved 2012-09-06.
  10. ↑ Ferguson, Joey. "Omniture founder Josh James launches Domo, Inc. business intelligence with $43 million". Deseret News. Archived from the original on 2012-09-05. Retrieved 2012-09-06.
  11. ↑ "Shacho Gets $10M, Buys Corda - silicontap.com". www.techrockies.com. Retrieved 2018-08-17.
  12. ↑ "Omniture founder obtains $33 mln for start-up". Reuters. July 14, 2011. Retrieved 2012-09-06.
  13. 1 2 "U.S. Markets closed". Yahoo Finance. September 6, 2012. Archived from the original on 2012-08-04.
  14. ↑ "Exclusive: Omniture co-founders, business intelligence, SAAS company domo raises $60m". TechCrunch. March 11, 2013.
  15. ↑ "Josh James's Domo, Inc raises $125 million from TPG, others". Reuters. February 5, 2014. Retrieved 2014-02-06.
  16. ↑ "Domo valued at $2 billion in latest funding, prepares for IPO". Wall Street Journal Blogs. April 8, 2015.
  17. ↑ Chapman, Lizette (2016-03-22). "Domo Raises $131 Million, Creates Fund for App Developers". Bloomberg.com. Bloomberg. Retrieved 2016-12-14.
  18. ↑ "Domo Raises Funding From BlackRock With IPO Plans on Hold". Bloomberg.com. 2017-04-27. Retrieved 2017-04-28.
  19. ↑ "DOMO, INC. (DOMO) IPO". NASDAQ.com. Retrieved 2018-06-29.
  20. ↑ "Domo - Board of Directors". domo.com. 2025-08-02. Archived from the original on 2025-04-25. Retrieved 2025-08-02.
  21. ↑ "Domo Named to the Women Tech Council Shatter List for 7th Consecutive Year". Yahoo Finance. 13 May 2024. Retrieved 23 January 2025.
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