What is Domo?
Domo operates as a sophisticated cloud-native platform designed to synthesize complex data streams into actionable business insights. By leveraging advanced artificial intelligence and data science, the company provides intuitive dashboards and bespoke applications that empower organizations to accelerate decision-making processes. Its architecture is built upon a secure, scalable foundation, making it a critical component for modern enterprises seeking to democratize data access across diverse operational departments. The platform effectively bridges the gap between raw data ingestion and executive-level strategy, ensuring that stakeholders at every level can derive value from their digital assets.
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, Paul Sagan, Marc Benioff, Mark Gorenberg, David Lee, Steven Singh, John Pestana, Hiroshi Mikitani, Dan Rose, Andreessen Horowitz, and Hummer Winblad Venture Partners
Series A (2011): $33M led by Benchmark Capital
Series B (2013): $60M supported by Greylock Partners, Aneel Bhusri, David Duffield, Mercato Partners, GGV Capital, Bezos Expeditions, Fraser Bullock, Founders Fund, Cougar Capital, and IVP
Series C (2014): $125M featuring T. Rowe Price, Greylock Partners, Dragoneer Investment Group, Viking Global Investors, Mercato Partners, Salesforce, IVP, Fidelity, Morgan Stanley Investment Management, TPG Growth, and GGV Capital
Series D (2017): $200M backed by Capital Group, Glynn Capital, Blackrock, and GGV 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 seed-to-growth stages, with a strong focus on Enterprise Tech and Smart Tech sectors.
Founders Fund
A venture capital firm that invests in high-value companies across all stages, known for a founder-friendly strategy and support for transformative technology.
IVP
A Menlo Park-based later-stage venture capital firm that specializes in high-growth technology companies, providing significant support through scale-up and exit phases.
What's next for Domo?
With a history of significant backing from top-tier institutional investors, Domo is well-positioned to capitalize on the growing demand for real-time analytics and automated business intelligence. The company's strategic focus is expected to remain on enhancing its AI-driven capabilities and expanding its ecosystem of data connectors. As the enterprise software landscape continues to prioritize data-centric decision-making, Domo's ability to maintain a secure and scalable environment will be paramount. Future growth initiatives will likely center on deepening market penetration within the global enterprise sector and refining its product suite to address the evolving complexities of modern data governance and predictive modeling.
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