What is Domo?
Domo operates as a cloud-based platform designed to transform raw data into actionable business insights. Through intuitive dashboards and custom applications, Domo empowers organizations to make faster, more informed decisions. Its foundation is built on AI and data science, ensuring a secure and scalable environment for businesses to leverage their data effectively. The company's focus on providing a unified data experience positions it as a key player in the business intelligence and analytics market, catering to enterprises seeking to enhance operational efficiency and strategic planning.
How much funding has Domo raised?
Domo has raised a total of $630.6M across 6 funding rounds:
Angel/Seed
$10M
Series A
$33M
Series B
$60M
Series C
$125M
Series D
$200M
Stock Offering
$202.6M
Angel/Seed (2011): $10M with participation from Hiroshi Mikitani, Steven Singh, John Pestana, Paul Sagan, Dan Rose, David Lee, Andreessen Horowitz, Hummer Winblad Venture Partners, Mark Gorenberg, Marc Benioff, and Lars Dalgaard
Series A (2011): $33M led by Benchmark Capital
Series B (2013): $60M supported by GGV Capital, Founders Fund, David Duffield, Greylock Partners, IVP, Fraser Bullock, Cougar Capital, Bezos Expeditions, Mercato Partners, and Aneel Bhusri
Series C (2014): $125M featuring GGV Capital, Greylock Partners, Fidelity Investments, IVP, Salesforce, TPG Growth, T. Rowe Price, Viking Global Investors, Dragoneer Investment Group, Mercato Partners, and Morgan Stanley Investment Management
Series D (2017): $200M backed by Glynn Capital, Blackrock, Capital Group, and GGV Capital
Stock Issuance/Offering (2018): $202.6M with participation from Undisclosed
Key Investors in Domo
GGV Capital
GGV Capital is a global venture firm that invests in local founders across Social/Internet, Enterprise Tech, and Smart Tech sectors, from seed to growth stages. They have a track record of backing numerous successful companies worldwide.
Greylock Partners
Greylock Partners is a venture capital firm focused on investing in exceptional entrepreneurs at all stages to build category-leading companies, with a strong portfolio across various technology industries.
Fidelity Investments
Fidelity Investments is a financial services company offering a wide array of investment, wealth management, and retirement planning solutions for individuals and institutions.
What's next for Domo?
The substantial enterprise-level funding and recent strategic investment suggest Domo is poised for accelerated growth and market expansion. This capital infusion is likely to fuel further development of its AI-driven capabilities, enhance its platform's scalability, and broaden its market reach. Strategic investments often signal a focus on strengthening competitive positioning, potentially through acquisitions, strategic partnerships, or aggressive go-to-market strategies. Domo's continued ability to attract significant investment indicates strong investor confidence in its long-term vision and its capacity to address complex data challenges for businesses worldwide.
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