Domo offers The Business Cloud, a business optimization platform that connects employees to the data and people they need to improve business results. The platform is used by decision makers across industries including retail, media and entertainment, manufacturing and finance to identify and act on strategic opportunities in real time. Led by founder and CEO Josh James, Domo positions its product to serve users from the CEO to the front-line worker. The company said it will use the new financing to fund international expansion. Financially, Domo has now raised close to $700M to date. The recent financing valued the company at $2.3 billion post-money. Domo is an enterprise data-management platform that offers data management platforms and business-insights tools for the enterprise market. The company launched an app store with about 1,000 free and freemium apps that can be customized for customers. Domo also introduced a free messaging service called Buzz with threaded conversations, positioned as a Slack competitor and designed to put business insights at the center of conversations. The company serves more than 1,000 customers, including eBay and MasterCard, reports $100 million in bookings, and says revenue is doubling. Domo has about 800 employees and said it may hire another 500 in 2016. Founder and CEO Josh James said the company plans to go public within the year. Founded nearly five years before this article, Domo has built a platform to collect, normalize and visualize business intelligence from more than 300 data sources. The product offers highly customizable dashboards aimed at executives and other roles, with use cases across marketing, e‑commerce, sales and finance. Domo has more than 1,000 customers who pay roughly $2,000 per user per year with a minimum contract of $25,000, and the company previously operated under strict NDAs while onboarding clients. The company had roughly 600 employees and was on track to exceed $100 million in sales for the year, with expectations to double in 2016 and an already nine‑figure revenue run rate. Domo moved from a closed onboarding model to a public launch with a self‑service signup and customer conference called Domopalooza, signaling a push for broader growth. Domo offers a cloud-based executive management SaaS platform that gives users direct, real-time access to all the business information they care about. The platform serves executives across industries including media and entertainment, retail, travel and leisure, technology, healthcare, financial services and higher education. Launched by Omniture co-founder Josh James and led by president Chris Harrington, the company is positioned to expand its go-to-market efforts. Domo closed a $125M Series C that brought total funding to more than $250M, and the company says it intends to use the proceeds to further expand sales. The business is actively hiring to support that growth. No operating metrics (revenue/users) were disclosed in the article. Domo provides a cloud-based executive management platform that gives users direct, real-time access to business information in one place. Led by Josh James, the company offers a SaaS product for executives across industries including media and marketing, telco, retail, travel and leisure, technology, financial services and professional services. Domo reports 100 paying customers. The company has been hiring. Financially, it has completed earlier financings including a $33M Series A closing in July 2011, a $20M Series A extension in February 2012, and raised more than $10M from angel and individual investors. Domo is based in American Fork, Utah.

Total raised

$669M

Funding rounds

7

Latest round

Series D

Latest activity

Apr 2017