Domo Raises $33M in Series A Funding from Benchmark Capital

Domo, a Lindon, UT-based company that provides an executive management platform as a service, has raised $33m in a Series A funding from Benchmark Capital.

The company intends to use the funding to advance its SaaS-based solution, which sits on top of and connects into any existing system where data lives, including those for customer relationship management, enterprise resource planning, human resources and financials, as well as any data repository or current reporting system.
Domo delivers real-time intelligence from all those sources into one browser-based view, accessible across any device, including mobile platforms such as the iPhone, iPad, Blackberry and Android.

In conjunction with the funding, Matt Cohler, General Partner of Benchmark, has joined Domo’s board.

This round brings the total amount raised by the company to to $43m. Earlier this year, the company, which was launched by Omniture co-founder and CEO Josh James, closed a $10m angel round from individual angels, venture capital firms, as well as individuals who were on the board of directors of Omniture.

Domo is currently hiring (http://www.domo.com/company/careers).

FinSMEs

14/07/2011

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