Domo (company)
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| Private | |
| Industry | Computer Software |
| Founder | Josh James |
| Headquarters | American Fork, Utah, US |
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Area served
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Worldwide |
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Key people
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Josh James (Founder),(CEO) |
| Website | domo |
Domo, Inc. is a computer software company based in American Fork, Utah, United States. It specializes in business intelligence tools and data visualization.
Domo, Inc. was founded in 2010 by Josh James, who also co-founded the web analytics software company Omniture in 1996, which he took public in 2006. In 2009, three years after taking the company public, James sold Omniture to Adobe Systems Inc. for $1.8 billion. In October 2010, after leaving Adobe, James started Shacho, Inc. Two months later, as one of its first moves, Shacho purchased Lindon-based Corda Technologies to jump start the data visualization component of the product. At the time, Corda had grown to about $10 million in annual revenue. James changed Shacho's name to Domo, which means thanks in Japanese.
As of December 2016 the company has raised a total of $589 million. 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 invested the first $43 million. Later on in 2011, $20 million came from Silicon Valley-based Institutional Venture Partners, which previously 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 TPG Growth, T. Rowe Price, Fidelity Investments, salesforce.com, Morgan Stanley Investment Management, Viking Global Investors, and Dragoneer Investments Group. Existing investors GGV Capital, Greylock Partners, IVP, and Mercato Partners also participated. There also was a investment in March 2014 with an undisclosed amount. In April 2015, Domo, Inc raised another $200 million in Series D financing with a $2 billion valuation. The round was led by BlackRock. Glynn Capital Management, Capital Group and existing investor GGV also participated. By that time the company passed the $1 billion valuation threshold and is one of the so called unicorns in the industry. 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.
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