Led by CEO Josh James, Domo rang the opening bell at the New York Stock Exchange this morning after officially going public yesterday. The Utah-based cloud analytics startup has raised nearly $700 million in venture capital since its founding in 2010, with $100 million of that coming in April of 2017. The company will trade under the symbol “DOMO.”
Domo was designed to provide access to data without the requirement of IT involvement. The company’s platform can monitor sales and inventories in real-time, and integrate with Salesforce, Google Analytics, Box and others. Its native data source connectors exceed 300, and the Analyzer feature can be tailored to filer out unnecessary information. The cloud-based executive management solution allows users to see data cross-organization on any device.
The BI and data analytics unicorn has more than 1,000 customers in total, including some household names like DHL, eBay and Mastercard. Its technology partners are also some of the market’s biggest, and includes the likes of Informatica and Okta. Domo isn’t only a hype beast when it comes to the financial markets, as the company has been named to several major analyst reports this year as well.
Domo’s 2018 notoriety leading up to its IPO increased dramatically, as the provider was named a considerable player in the business intelligence marketplace by several major analyst firms. Highlighted by inclusion in Gartner’s Magic Quadrant for Analytics and Business Intelligence Platforms, Domo was also a notable name in the CRN Big Data 100, as well as the Constellation Research’s ShortList for Cloud-Based Business Intelligence and Analytics Platforms.
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