Overview

Domo provides a cloud-based business intelligence platform that enables companies to make data-driven decisions efficiently. The platform integrates data from various sources, processes it in the cloud, and delivers real-time visualizations and predictive insights. This functionality allows businesses to better understand their data and take immediate action based on the insights provided. Domo caters to a diverse clientele, including small businesses and large enterprises in industries such as retail, logistics, and real estate, with notable clients like DHL and Zillow. What sets Domo apart from its competitors is its cloud-native approach, which combines data integration, visualization, and app-building capabilities, making it easier for businesses to modernize their operations and adapt to changing conditions. The company's goal is to empower organizations to leverage their data for informed decision-making, ultimately improving efficiency and business outcomes.

Simplify's Take

What believers are saying

• Domo's partnerships with firms like Richey May enhance its customized data-driven insights offerings.
• Recognition as a leader in embedded analytics boosts Domo's credibility and market position.
• Growing demand for real-time data analytics in retail and logistics sectors benefits Domo.

What critics are saying

• Emerging BI platforms offering similar features at lower costs threaten Domo's market share.
• Economic downturns may reduce IT budgets, affecting Domo's subscription renewals and acquisitions.
• Stricter data privacy regulations could increase compliance costs for Domo.

What makes Domo unique

• Domo offers a cloud-native platform combining data integration, visualization, and app-building capabilities.
• Domo's platform provides real-time data insights accessible from smartphones for quick decision-making.
• Domo's Programmatic Revenue Solution caters specifically to the ad tech industry's complex data needs.

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Funding

Total Funding

$695.2M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

BenchmarkGreylock PartnersAndreessen HorowitzFounders FundSV Angel

Notable Investors:

BenchmarkGreylock PartnersAndreessen HorowitzFounders FundSV Angel

$193,200,000

IPO

Jun 2018

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