Company:Domo

From HandWiki
Short description: American computer software company
Domo, Inc.
TypePublic
NASDAQ: DOMO (Class B)
Russell 2000 Index component
IndustryComputer Software
FounderJosh James
Headquarters
American Fork, Utah
,
US
Area served
Worldwide
Key people
John Mellor,(CEO)(Board Member)
RevenueIncrease$210.2 Million(FY2021)[1]
Number of employees
824 [2]
Websitedomo.com

Domo, Inc. is a cloud software company based in American Fork, Utah, United States. It specializes in business intelligence tools and data visualization.[3]

History

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 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]

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.[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]

Overview

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 is more than 50% diverse with 43% women members.[23] Domo integrates with multiple data sources, including spreadsheets, databases, social media, and other cloud-based or on-premises software programs.

References

  1. ↑ "Domo Announces Fourth Quarter and Fiscal 2021 Financial Results". https://www.yahoo.com/lifestyle/domo-announces-fourth-quarter-fiscal-210500643.html. 
  2. ↑ "Domo (DOMO)". https://www.forbes.com/companies/domo/. 
  3. ↑ Mountain, Dev. "Top 7 Hottest Tech Companies in Utah" (in en-US). KUTV. http://kutv.com/sponsored/spotlight/top-7-hottest-tech-companies-in-utah. 
  4. ↑ 4.0 4.1 4.2 4.3 "U.S. Markets closed". September 6, 2012. https://finance.yahoo.com/news/domo-approach-business-intelligence-makes-110000984.html. 
  5. ↑ "On Utah's 'Silicon Slopes,' Tech Jobs Get A Lift". NPR. March 12, 2012. https://www.npr.org/2012/03/12/148252561/on-utahs-silicon-slopes-tech-jobs-get-a-lift. Retrieved 2012-09-06. 
  6. ↑ "Domo's Josh James: We're Making Every Employee Embrace Social Media, And It's Paying Off". June 23, 2012. https://techcrunch.com/2012/06/23/domo-social-josh-james/. Retrieved 2012-09-06. 
  7. ↑ Ferguson, Joey. "Omniture founder Josh James launches Domo, Inc. business intelligence with $43 million". Deseret News. http://www.deseretnews.com/article/700151469/Omniture-founder-Josh-James-launches-Domo-business-intelligence-with-43-million.html. Retrieved 2012-09-06. 
  8. ↑ "Shacho Gets $10M, Buys Corda - silicontap.com". https://www.techrockies.com/shacho-gets---m-buys-corda/s-0035819.html. 
  9. ↑ "Omniture founder obtains $33 mln for start-up". Reuters. July 14, 2011. https://www.reuters.com/article/domo-idUSN1E76C0ZT20110714. Retrieved 2012-09-06. 
  10. ↑ "Women Tech Council Culminates Celebration of International Women's Day by Unveiling 2021 Shatter List". 12 March 2021. https://www.businesswire.com/news/home/20210312005522/en/Women-Tech-Council-Culminates-Celebration-of-International-Women%E2%80%99s-Day-by-Unveiling-2021-Shatter-List. 
  11. ↑ 11.0 11.1 11.2 "Business intelligence startup Domo pulls in another $20M". VentureBeat. https://venturebeat.com/2012/01/31/business-intelligence-startup-domo-pulls-in-another-20m/. Retrieved 2012-09-06. 
  12. ↑ "Series A Whopper: Benchmark Invests $33M in New BI Company Domo". July 13, 2011. https://techcrunch.com/2011/07/13/series-a-whopper-benchmark-invests-33m-in-new-bi-company-domo/. Retrieved 2012-09-06. 
  13. ↑ "Exclusive: Omniture co-founders, business intelligence, SAAS company domo raises $60m". March 11, 2013. https://techcrunch.com/2013/03/11/exclusive-omniture-co-founders-business-intelligence-saas-company-domo-raises-60m-from-ggv-capital-jeff-bezos-greylock-and-others/. 
  14. ↑ "Josh James's Domo, Inc raises $125 million from TPG, others". February 5, 2014. https://www.reuters.com/article/us-venture-investment-domo-idUSBREA141HH20140205. Retrieved 2014-02-06. 
  15. ↑ "Domo valued at $2 billion in latest funding, prepares for IPO". April 8, 2015. https://blogs.wsj.com/venturecapital/2015/04/08/domo-valued-at-2-billion-in-latest-funding-prepares-for-ipo/. 
  16. ↑ Chapman, Lizette (2016-03-22). "Domo Raises $131 Million, Creates Fund for App Developers". Bloomberg. https://www.bloomberg.com/news/articles/2016-03-22/domo-raises-131-million-creates-fund-for-app-developers. 
  17. ↑ "Domo Raises Funding From BlackRock With IPO Plans on Hold". Bloomberg.com. 2017-04-27. https://www.bloomberg.com/news/articles/2017-04-27/domo-seeks-200-million-in-funding-as-ipo-plans-remain-on-hold. 
  18. ↑ "DOMO, INC. (DOMO) IPO" (in en-us). https://www.nasdaq.com/markets/ipos/company/domo-inc-841801-87035. 
  19. ↑ 19.0 19.1 "Omniture Co-Founder Launches New Business Intelligence Venture". July 14, 2011. http://www.enterpriseappstoday.com/business-intelligence/domo-saas-business-intelligence.html. Retrieved 2012-09-06. 
  20. ↑ "What We Do :: Overview". http://www.domo.com./what-we-do. Retrieved 2012-09-06. 
  21. ↑ "Utah's Josh James among 192 Young Global Leaders". The Salt Lake Tribune. http://www.sltrib.com/sltrib/money/53659175-79/leaders-global-james-group.html.csp. Retrieved 2012-09-06. 
  22. ↑ Hardy, Quentin (October 24, 2011). "The Big Business of 'Big Data'". The New York Times Blogs. http://bits.blogs.nytimes.com/2011/10/24/big-data/. Retrieved 2012-09-06. 
  23. ↑ "Domo - Governance - Board of Directors". https://www.domoinvestors.com/governance/board-of-directors/default.aspx. 





Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Domo&oldid=2347240"