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Domo, Inc.

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(Redirected from Domo (company)) American computer software company
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Domo, Inc.
Company typePublic
Traded asNasdaq: DOMO (Class B)
Russell 2000 Index component
IndustryComputer Software
Founded2010; 14 years ago (2010)
FounderJosh James
HeadquartersAmerican Fork, Utah, U.S.
Area servedWorldwide
Key peopleJohn Mellor (CEO & board member)
RevenueIncrease$258.0 Million (2022)
Number of employees824
Websitedomo.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.

History

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

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.

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. In 2011, $20 million came from Silicon Valley–based Institutional Venture Partners, 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, 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. 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 and Glynn Capital Management, Capital Group 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 and Capital Advisors.

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. 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) venture.

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. ^ "U.S. Markets closed". Yahoo Finance. September 6, 2012. Archived from the original on 2012-08-04.
  5. "On Utah's 'Silicon Slopes,' Tech Jobs Get A Lift". NPR. March 12, 2012. Retrieved 2012-09-06.
  6. "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.
  7. 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.
  8. "Shacho Gets $10M, Buys Corda - silicontap.com". www.techrockies.com. Retrieved 2018-08-17.
  9. "Omniture founder obtains $33 mln for start-up". Reuters. July 14, 2011. Retrieved 2012-09-06.
  10. "Women Tech Council Culminates Celebration of International Women's Day by Unveiling 2021 Shatter List" (Press release). 12 March 2021.
  11. ^ "Business intelligence startup Domo pulls in another $20M". VentureBeat. Retrieved 2012-09-06.
  12. "Exclusive: Omniture co-founders, business intelligence, SAAS company domo raises $60m". TechCrunch. March 11, 2013.
  13. "Josh James's Domo, Inc raises $125 million from TPG, others". Reuters. February 5, 2014. Retrieved 2014-02-06.
  14. "Domo valued at $2 billion in latest funding, prepares for IPO". Wall Street Journal Blogs. April 8, 2015.
  15. Chapman, Lizette (2016-03-22). "Domo Raises $131 Million, Creates Fund for App Developers". Bloomberg.com. Bloomberg. Retrieved 2016-12-14.
  16. "Domo Raises Funding From BlackRock With IPO Plans on Hold". Bloomberg.com. 2017-04-27. Retrieved 2017-04-28.
  17. "DOMO, INC. (DOMO) IPO". NASDAQ.com. Retrieved 2018-06-29.
  18. ^ "Omniture Co-Founder Launches New Business Intelligence Venture". Enterprise Apps Today. July 14, 2011. Retrieved 2012-09-06.
  19. "Utah's Josh James among 192 Young Global Leaders". The Salt Lake Tribune. Retrieved 2012-09-06.
  20. Hardy, Quentin (October 24, 2011). "The Big Business of 'Big Data'". The New York Times Blogs. Retrieved 2012-09-06.
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