Domo emerges from stealth with $200m funding, $2bn valuation

Business management platform Domo has emerged from stealth with a $200 million Series D financing round, at a valuation of $2 billion. The round was led by BlackRock, with participation from Capital Group, Glynn Capital Management and previous investor GGV Capital.

The company has now publicly unveiled its cloud-based platform, after raising more than $450 million to date. “No one has been able to make BI work, especially that last mile of making data directly available to the business user,” said Josh James, Domo founder and CEO.
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