GGV Capital, Greylock Partners, Jeff Bezos, Founders Fund and Mercato Partners Invest in Round; Previous Investors, IVP and Fraser Bullock, Participate in Significant Way
SILICON SLOPES, Utah March 11, 2013 Domo, a new software-as-a-service (SaaS) venture launched by Omniture co-founder Josh James to redefine the business intelligence market, today announced it has raised $60 million in Series B financing. This announcement follows last week's news that Domo has 100 paying enterprise customers after selling for only six months. These funds bring total investment in Domo to more than $125 million.
GGV Capital; Greylock Partners; Bezos Expeditions, the personal investment company of Jeff Bezos; Workday co-CEOs Aneel Bhusri and David Duffield; Founders Fund; and Mercato Partners, amongst others, invested in this round. In addition, IVP and Sorenson Capital's Fraser Bullock, previous investors who were the first to commit to this series, doubled down. BYU's student run venture fund, Cougar Capital, also participated. Aneel Bhusri and GGV partner, Glenn Solomon, will become Domo board observers.
Domo's first two years were spent building a product to change the way people think about enterprise software, said James. Then we began selling and raising capital to strengthen the balance sheet in preparation for our next phase of growth. We had an amazing response and raised twice the amount we intended. Investors with whom we met said they had never seen anything like Domo, and we ended up turning away more than $50 million in additional funds for this round. We're encouraged by the belief investors and customers have in the power of Domo to transform business. The new capital, with the experience of our A-list team of investors, gives us incredible fuel and flexibility to accelerate growth.
GGV has a relentless focus on working with outstanding entrepreneurs to build category-leading companies, said Glenn Solomon, GGV partner. Domo has built an amazing experience for business users and is poised for unprecedented growth. We are excited to work with Josh and his team helping Domo continue on its phenomenal trajectory.
I met Josh several years ago and have become a big fan over the years, said Bhusri. Josh, starting Omniture in 1996, was one of the pioneers of the cloud model. I am excited to help him and his team further disrupt the way business is managed and expect Domo to become one of the next breakout enterprise technology companies.
After selling for only six months, Domo's 100-plus revenue-generating enterprise customers are from numerous industries including media and marketing, telco, retail, travel and leisure, technology, financial services and professional services, to name a few.
James added that Domo customers are responding to Domo's ability to bring together all of the data they care about, all in one place. Domo sales are closing in days and weeks, unlike traditional enterprise software deals, which typically take months or quarters, said James. We're serving an enormous population that has tremendous purchasing authority, but has been completely ignored by traditional vendors. We believe this is a key factor in the ridiculously short sales cycles we are experiencing.
I met Josh in 1998, was one of his first investors in Omniture, and have been on his board ever since, said Fraser Bullock, co-founder and managing director at Sorenson Capital and co-founder of Bain Capital. Domo has a much larger addressable market than Omniture because it is focusing on executives across the organization. Given Josh's track record and the experience of the team he's assembled, I couldn't be more bullish about Domo's prospects to become one of the most transformational enterprise software companies in history.
This round's backers join an all-star list of angels and investors including Benchmark; Andreessen Horowitz, LLC; Ron Conway and David Lee of SV Angel; Hummer Winblad Venture Partners; plus other leaders from the who's who of SaaS and Internet technology such as:
Marc Benioff, chairman and CEO, Salesforce.com;
Lars Darlgaard, founder and CEO, SuccesssFactors;
Mark Gorenberg, managing director, Hummer Winblad Venture Partners;
Hiroshi Miktani, CEO, Rakuten;
John Pestana, co-founder, Omniture;
Dan Rose, vice president, Facebook;
Paul Sagan, former CEO, Akamai Technologies;
S. Steve Singh, co-founder, chairman and CEO, Concur; and
John Thompson, CEO of Virtual Instruments and former chairman and CEO, Symantec.
GGV's portfolio companies have achieved 14 IPOs since 2010. GGV's portfolio includes leaders such as Alibaba Group, athenahealth, Buddy Media, Pandora, Square, SuccessFactors and Zendesk.
Greylock Partners has backed disruptors such as airbnb, Cloudera, Dropbox, Data Domain, Facebook, Instagram, LinkedIn, Red Hat, Tumblr and Workday.
Founders Fund, with its multi-stage, multi-sector investments, is behind transformational companies such as Asana, Facebook, Palantir, Slide, SpaceX, Spotify, uBeam, Yammer and ZocDoc.
Domo announced its initial Series A closing of $33 million in July 2011 and a $20 million Series A extension in February 2012. The company also raised more than $10 million from angel and individual investors.
About Domo
Domo is a cloud-based executive management platform that gives users direct, real-time access to all the business information they care about, all in one place.
Domo's founding team consists of some of the most sought after talent in the industry with experience that includes Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, salesforce.com and SAP.
For more information, visit http://www.domo.com/.
Most recent headlines
09/11/2025
Dalet today announced a transformative leap forward for media operations: Agentic Artificial Intelligence (AI) that unifies the Dalet ecosystem under one natura...
16/10/2025
SVG Sit-Down: FUJIFILM Execs on GFX ETERNA 55 Camera, Importance of Shallow-Dept...
16/10/2025
Squash's Most Ambitious Broadcast Production To Be Deployed at Comcast Busin...
16/10/2025
Main Street Sports Group Inks Deal With Omaha Productions, Launches Original-Con...
16/10/2025
A Historic Precursor? FIFA, HBS, DAZN Offer an Inside Look at Production of FIFA...
16/10/2025
Prime Video Offers Sneak Peak at New NBA on Prime StudioThe massive 13,000-sq-ft, two-story studio features a LED regulation half court and hoopBy Jason Dachman...
16/10/2025
SVG Remote Production Forum Draws Record Crowd for Visit to PGA TOUR Studios, De...
16/10/2025
BitFire's Ben Grafchik on How Growing Cloud Workflows Are Impacting the Live...
16/10/2025
AI technology is advancing quickly, bringing both new creative possibilities and...
16/10/2025
In 2017, Imani Ellis launched CultureCon, a conference that's become a must-attend event for more than 10,000 diverse creatives and Black professionals to c...
16/10/2025
It might still be a little early to break out the tinsel and mistletoe, but Spotify's already queuing up some holiday magic. This year's Spotify Singles...
16/10/2025
Earlier this year, our in-house publishing imprint, Spotify Audiobooks, put out ...
16/10/2025
VAMPIRE has been integrated onto GM Defenses Infantry Squad Vehicle (ISV), providing a mobile solution to effectively and affordably counter small drone threat...
16/10/2025
The AgilePod mounted on the host aircraft....
16/10/2025
60% say infotainment systems are a critical purchasing or leasing consideration,...
16/10/2025
NEW YORK The Broadcasters Foundation of America has launched its 2025 Year-End Giving Campaign, which seeks to raise donations from tax-deductible personal and ...
16/10/2025
Roku has added several new features to its user interface and operating system meant to make it easier to discover and personalize content, the company said....
16/10/2025
NEW YORK CNN has announced that its All Access subscription tier will launch in the U.S. on Oct. 28, providing audiences with a centralized destination for CNN&...
16/10/2025
Student Spotlight: Alan Villanueva The graduate student and saxophonist, who performed on Natalia Lafourcades Latin Grammy-nominated Live at Carnegie Hall alb...
16/10/2025
The XR Sports Alliance (XRSA) has announced the third cohort of members. The new members include Maple Leafs Sports & Entertainment (MLSE), the Vegas Golden Kni...
16/10/2025
NEW YORK The Broadcasters Foundation of America has launched its 2025 Year-End Giving Campaign which seeks to raise donations from tax-deductible personal and c...
16/10/2025
NEW YORK Australia's Nine Network and the NHL today announced a media partnership that will bring the world's premier professional ice hockey league to ...
16/10/2025
Parks Associates has released new data showing that nearly half (45%) of U.S. internet homes watch free ad-supported streaming TV (FAST) services and 89% of U.S...
16/10/2025
TROY, Mich. -New data from J.D. Power's 2025 U.S. Residential Internet Service Provider Study shows that residential wireless internet providers are growing...
16/10/2025
TV's most charming detective drama * Shakespeare & Hathaway: Private Investi...
16/10/2025
Back to All News
Thailand's Legendary Outlaw Returns: Tee Yai: Born to be ...
16/10/2025
Back to All News
Christmas Is Just Around The Corner: Home For Christmas Season...
16/10/2025
Back to All News
Trist n Ulloa Stars in El crimen de Pazos, the New Netflix Ser...
16/10/2025
ABS Completes Redomiciliation to Dubai Development Authority as Part of Strategi...
16/10/2025
This Saturday October 18 Katja Mia will burst onto the radio airwaves for the first time as she joins 2FM. Katja will be standing in for Bl thnaid Treacy on Sat...
16/10/2025
This October, RT is delighted to support Wexford Festival Opera, Babor International Arts Festival for Children, Open House Dublin and 36 other arts and cultu...
16/10/2025
GeForce NOW is more than just a platform to stream fresh games every week - it offers celebrations for the gamers who make it epic, with member rewards to sweet...
15/10/2025
Across the world, early-career reporters are interrogating systems that shape daily life, from mortuaries and classrooms to the corridors of legal education and...
15/10/2025
St. Louis Blues Pay Tribute to Ozzy Osbourne in New Pregame Open VideoThe NHL franchise worked with production firms 2WEI and 4th Floor CreativeBy Mark J Burns,...
15/10/2025
Cobalt Digital, G3DVu, Proxima Vision, and Telos Alliance Renew Premier Sponsors...
15/10/2025
By Paige Bethmann
Before my grandmother passed away in 2019, I went to visit her in the hospital where she'd been for a few weeks. When I arrived, the nurs...
15/10/2025
Two years ago, Spotify set out to grow the entire publishing industry by making ...
15/10/2025
People turn to DJ for a listening experience that feels personal, dynamic, and j...
15/10/2025
Las personas recurren a DJ para vivir una experiencia de escucha personal, din m...
15/10/2025
Rock legend Bruce Springsteen and luminary actor Jeremy Allen White came togethe...
15/10/2025
At Spotify, we're all about supporting rising talent and helping them connec...
15/10/2025
New SBS Documentary Series THE CANCER KILLERS Premieres 4 November on SBS & SBS ...
15/10/2025
SBS celebrates the Festivals of Lights with bold, illuminating stories across th...
15/10/2025
One of humanity's most profound questions continues: Is there any place in our galaxy suitable for life beyond Earth? NASA intends to find out, with the hel...
15/10/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
15/10/2025
Scality, a global leader in cyber-resilient storage software for the AI era, today announced the advancement of its comprehensive AI ecosystem certification pro...
15/10/2025
The Hollywood Professional Association (HPA) today unveiled key highlights of the 2026 HPA Tech Retreat, scheduled for Feb. 15 19 at the Westin Rancho Mirage Go...
15/10/2025
At NAB Show New York 2025 (Stand 244), Interra Systems will showcase the future of media QC, monitoring, and captioning, highlighting its award-winning, AI- and...
15/10/2025
Grass Valley today announced that RMC BFM, part of the CMA-CGM Group and France's third-largest private media group, has chosen Grass Valley's productio...
GGV Capital, Greylock Partners, Jeff Bezos, Founders Fund and Mercato Partners Invest in Round; Previous Investors, IVP and Fraser Bullock, Participate in Significant Way 
