Domo is Named to Second Annual Forbes 2017 Cloud 100 List
SILICON SLOPES, UT – July 13, 2017 – Domo today announced it has been named to the Forbes 2017 Cloud 100, the definitive list of the top 100 private cloud companies in the world. In this list, published by Forbes in collaboration with Bessemer Venture Partners, Domo earned the number 15 spot. This is the second year Domo has placed on the list’s Top 20. Additionally, Domo is one of six Utah-based companies on this year’s Cloud 100.
“Domo is radically changing the way business is managed by making real-time data accessible to everyone across the organization,” said Josh James, Domo founder and CEO. “We are solving a universal problem that, to date, has not been adequately addressed: too much business data and no easy way to drive value from it all. We are honored to make the Forbes Cloud 100 for the second year running. This recognition is validation that we are on the right path with the right product and the right team.”
Designed for the executive decision maker, Domo’s cloud-based platform makes data more easily accessible and actionable for all employees in an organization, no matter where the data lives – in the cloud or behind the firewall. With more than 25 petabytes of data uploaded to the Domo platform, equaling more than 100 trillion rows of data, The Business Cloud is the industry’s largest data analytics platform in the cloud.
As part of the rigorous selection process for the Forbes 2017 Cloud 100, Forbes’ data partner, Bessemer Venture Partners, received hundreds of submissions from the top cloud startups. With that data, the Forbes Cloud 100 judge panel, made up of a majority of public cloud company CEOs, was then responsible for selecting and ranking the top 100 companies from all over the world. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people & culture (15%) and market leadership (35%), which the judge panel then weighed to select, score and rank the winners.
“Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year’s list is no exception,” said Forbes editor of the Cloud 100 list Alex Konrad. “Forbes has a keen eye for businesses, and combining that with Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the cloud industry, any company’s inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate.”
The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.
Domo helps all employees–from the CEO to the front-line worker–transform the way business is managed by connecting them to the right data and people they need to improve business results. Domo’s Business Cloud is the world’s first customizable platform that enables decision makers to identify and act on strategic opportunities in real time. The company works with the world’s leading and most progressive brands, including more than 25 percent of the Fortune 50, across multiple industries including retail, media and entertainment, manufacturing, finance, high technology and more. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook, LinkedIn, Google+, Instagram and Pinterest.
Domo, Domo Business Cloud and The Business Cloud are trademarks of Domo, Inc.