NEWS18 March 2013

Business intelligence firm Domo adds $60m in funding


US — Software as a service-based business intelligence firm Domo has raised $60m in series B funding.

The funds brings total investment in Domo to more than $125m.

Domo founder Josh James – who previously founded the web analytics firm Omniture – said: “Investors with whom we met said they had never seen anything like Domo, and we ended up turning away more than $50m in additional funds for this round.”

Domo’s first product is an executive management platform that “sits on top and connects” with existing data streams such as customer relationship management, enterprise resource planning and financial systems, as well as any proprietary technology, the company says. From there, the platform delivers real-time intelligence from all those sources into one browser-based view.

GGC Capital, Greylock Partners, Bezos Expeditions, Workday co-CEOs Aneel Bhusri and David Duffield, Founders Fund and Mercato Parnters were among those that invested in this round.