Domo, a new SaaS company launched by Omniture co-founder and decade-long CEO Josh James, has announced it has secured $33 million from Benchmark Capital in a Series A round. This round brings total investment in Domo to $43 million. Matt Cohler, General Partner of Benchmark who was the fifth employee at Facebook and a founding team member at LinkedIn, led the deal and has joined Domo’s board.
The capital will be used to help Domo rapidly advance its SaaS-based solution designed to drive value from the tens of billions of dollars that have been spent on traditional business intelligence (BI) systems.
Domo is an executive management platform delivered as a service that helps managers and executives transform the way they run their businesses.
Earlier this year, Domo announced a $10 million angel round from other industry leaders and visionaries. These investors include individual angels, venture capital firms that often participate in early-stage rounds, as well as individuals who were on the board of directors of Omniture.
