Domo (company)

Domo, Inc. was founded by Josh James in 2010.[4][5][6] In October 2010, after leaving Adobe, 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 2020, Domo was named on the Women Tech Council (WTC) 2020 Shatter List for the third 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 existing investor GGV also participated.[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 June 29, 2018, with an initial offering of 9,200,000 shares at $21.00 USD per share.[18]

Domo, Inc is a cloud-based platform designed to provide direct, simplified, 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] The company's board of directors includes Matt Cohler and Mark Gorenberg.[19] Domo integrates with multiple data sources, including spreadsheets, databases, social media and other cloud-based or on-premise software programs.