Overview

Domo is a cloud-based platform that enables businesses to make informed decisions using data. It gathers and integrates data from various sources, processes it in real-time, and presents it through visualizations and predictive insights. This functionality allows companies to quickly understand their data and take immediate action. Domo caters to a diverse clientele, including small businesses and large enterprises in sectors 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, enhancing efficiency and decision-making through a subscription-based model that also offers tailored solutions.

Simplify's Take

What believers are saying

• Domo's acquisition by Cujo AI could enhance its data security features.
• The rise of low-code/no-code platforms aligns with Domo's app-building capabilities.
• Increased demand for AI-driven BI tools supports Domo's innovative AI offerings like Agent Catalyst.

What critics are saying

• Cujo AI's acquisition may disrupt Domo's focus on business intelligence.
• Domo's new COO, Mark Maughan, might introduce strategic changes misaligned with company culture.
• Domo's platform enhancements could face replication by competitors, eroding its competitive edge.

What makes Domo unique

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

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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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