Overview

Domo is a cloud-based platform that enables businesses to make informed decisions using data. It gathers and processes data from various sources, providing real-time visualizations and predictive insights that help companies understand their data better. This allows businesses to act quickly based on the insights they receive. Domo serves a diverse clientele, including small businesses and large enterprises in industries like retail, logistics, and real estate, with notable clients such as DHL and Zillow. What sets Domo apart from its competitors is its cloud-native approach, which combines data integration, visualization, and app-building features, making it easier for businesses to adapt to changing conditions. The company's goal is to empower organizations to leverage their data effectively, improving efficiency and decision-making through a subscription-based model that also offers custom solutions tailored to specific business needs.

Simplify's Take

What believers are saying

• Domo's AI enhancements align with the rise of AI-driven data analytics tools.
• Partnerships with Koantek and DCG enhance Domo's enterprise data strategy offerings.
• Domo's platform supports data democratization, enabling non-technical users to access data.

What critics are saying

• Emerging BI platforms offering similar features at lower costs threaten Domo's market share.
• Rapid AI advancements may outpace Domo's integration capabilities, risking competitive edge.
• Data privacy concerns in cloud platforms could impact Domo's client acquisition and retention.

What makes Domo unique

• Domo's platform offers real-time data insights accessible from smartphones.
• Domo integrates data from various sources for predictive analytics and visualizations.
• Domo's cloud-native platform supports data integration, visualization, and app-building capabilities.

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Funding

Total Funding

$907.9M

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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