This section contains content that is written like an advertisement .(June 2018) |
Company type | Public |
---|---|
Nasdaq: DOMO (Class B) Russell 2000 Index component | |
Industry | Computer Software |
Founder | Josh James |
Headquarters | , US |
Area served | Worldwide |
Key people | John Mellor (CEO & board member) |
Revenue | $258.0 Million [1] (2022) |
Number of employees | 824 [2] |
Website | domo |
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]
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