What is Domo?
Domo operates as a sophisticated agentic platform designed to facilitate the transition of organizations into intelligent, data-driven enterprises. By providing a unified environment, the company enables businesses to construct an AI-ready data foundation that seamlessly connects and organizes information from disparate sources. This architecture ensures that critical data is not only accessible but also actionable across the entire organizational hierarchy.
The platform integrates advanced data management, analytics, artificial intelligence, and automation, effectively bridging the gap between raw information and strategic business insights. By centralizing these capabilities, Domo empowers stakeholders to make informed decisions with greater speed and precision, positioning itself as an essential tool for companies navigating the complexities of digital transformation.
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 Lars Dalgaard, Andreessen Horowitz, Hummer Winblad Venture Partners, Dan Rose, David Lee, Hiroshi Mikitani, Paul Sagan, Marc Benioff, Mark Gorenberg, John Pestana, and Steven Singh
Series A (2011): $33M led by Benchmark Capital
Series B (2013): $60M supported by Founders Fund, Aneel Bhusri, IVP, Cougar Capital, Bezos Expeditions, Fraser Bullock, GGV Capital, Mercato Partners, David Duffield, and Greylock Partners
Series C (2014): $125M featuring IVP, GGV Capital, Mercato Partners, T. Rowe Price, Morgan Stanley Investment Management, Fidelity, Salesforce, TPG Growth, Viking Global Investors, Greylock Partners, and Dragoneer Investment Group
Series D (2017): $200M backed by Capital Group, Blackrock, GGV Capital, and Glynn Capital
Stock Issuance/Offering (2018): $202.6M with participation from Undisclosed
Key Investors in Domo
GGV Capital
A global venture firm that invests in local founders across the Social/Internet, Enterprise Tech, and Smart Tech sectors, managing billions in assets.
IVP
A Menlo Park-based later-stage venture capital firm that raises large growth funds and invests in high-growth technology companies, typically supporting them through scale-up and exit.
Founders Fund
A venture capital firm that invests in the world's most important and valuable companies across all geographies, sectors, and stages, known for a founder-friendly investment strategy.
What's next for Domo?
Looking ahead, Domo is well-positioned to capitalize on the increasing demand for AI-driven automation within the enterprise sector. With a solid foundation of $630.6M in historical financing, the company is expected to prioritize the enhancement of its agentic capabilities, further embedding artificial intelligence into the fabric of business operations. Strategic focus will likely remain on deepening the integration of its analytics suite with emerging generative AI models to provide more predictive and prescriptive insights for its global client base.
As the market for intelligent data platforms matures, Domo's strategic roadmap will likely involve scaling its ecosystem to support more complex, cross-functional data workflows. By maintaining its focus on high-growth enterprise segments, the company is poised to sustain its competitive advantage, ensuring that its platform remains the primary interface for organizations seeking to leverage data as a core strategic asset.
