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
Josh James (CEO)
RevenueIncrease2.svg$317.0 million [1]  (2025)
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 artificial intelligence, business intelligence, 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]

Products

In 2021, Domo Everywhere was released. Domo Everywhere is an embedded analytics tool developed to help users embed live, interactive business intelligence dashboards and reports into external applications. [13]

Domo’s App Studio was launched in 2024 as a low-code development tool to create analytics apps using live data. [14]

In 2025, Domo announced “Agent Catalyst”, serving as a toolkit within their AI platform. The toolkit allows users to create their own autonomous AI to manage workflows. It is scheduled to launch in October 2025. [15]

Domo offers an Oracle Database Connector that pulls from Oracle databases. Domo also offers a native Snowflake connector and supports integrating with BigQuery. [16]

Financials

Initial investors in Domo include Benchmark Capital and Andreessen Horowitz. [17] [5] In 2011, $20 million came from Silicon Valley–based Institutional Venture Partners. [17] [5] In 2013, the company announced a Series B investment of $60 million. [18]

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. [19]

In April 2015, Domo, Inc. raised another $200 million in Series D financing with a $2 billion valuation. [20] In March 2016, the company closed a Series D investment round of $131 million. [21]

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. [22] 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. [23]

In 2022, Domo added support for multi-cloud deployments and cross-cloud data integration, along with features such as a governance toolkit, sandbox environment, and branding tools, and introduced integrations with Microsoft Office Suite. [24]

Awards and recognition

In May 2024, Domo was named to the Women Tech Council (WTC) 2020 Shatter List for hiring and retaining women in IT careers. [25]

References

  1. ↑ "Domo Announces Fourth Quarter and Fiscal 2025 Financial Results". Yahoo Finance. Retrieved 6 October 2025.
  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. ↑ "Domo Introduces Updated Version of Domo Everywhere". Cxtoday. Retrieved 7 October 2025.
  14. ↑ "Domo to add prebuilt models, chat capabilities to AI suite". Techtarget. Retrieved 7 October 2025.
  15. ↑ "Domo unveils agentic AI toolkit to simplify development". Tech Target. Retrieved 10 October 2025.
  16. ↑ "Domo Announces Enhanced Cloud Integration Capabilities with BigQuery". Yahoo Finance. Retrieved 12 October 2025.
  17. 1 2 "U.S. Markets closed". Yahoo Finance. September 6, 2012. Archived from the original on 2012-08-04.
  18. ↑ "Exclusive: Omniture co-founders, business intelligence, SAAS company domo raises $60m". TechCrunch. March 11, 2013.
  19. ↑ "Josh James's Domo, Inc raises $125 million from TPG, others". Reuters. February 5, 2014. Retrieved 2014-02-06.
  20. ↑ "Domo valued at $2 billion in latest funding, prepares for IPO". Wall Street Journal Blogs. April 8, 2015.
  21. ↑ Chapman, Lizette (2016-03-22). "Domo Raises $131 Million, Creates Fund for App Developers". Bloomberg.com. Bloomberg. Retrieved 2016-12-14.
  22. ↑ "Domo Raises Funding From BlackRock With IPO Plans on Hold". Bloomberg.com. 2017-04-27. Retrieved 2017-04-28.
  23. ↑ "DOMO, INC. (DOMO) IPO". NASDAQ.com. Retrieved 2018-06-29.
  24. ↑ "Domo BI update includes app development, multi-cloud tools". Techtarget. Retrieved 6 October 2025.
  25. ↑ "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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