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Domo's $60M 2nd round of funding includes Bezos, Sorenson

Published March 11, 2013 10:54 pm

Tech • Josh James' Utah software-as-service company is almost two years old.
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

American Fork-based Domo, the software-as-a-service (SaaS) company created by Omniture co-founder Josh James, has raised $60 million in second-round funding.

Domo announced Monday that such investors as Amazon.com's Jeff Bezos (through his Bezos Expeditions), GGV Capital, Greylock Partners, Founders Fund and Salt Lake City's Mercato Partners contributed to this round.

Also, first-round investor Fraser Bullock invested in the second round, as did Cougar Capital, Brigham Young University's student-run venture capital entity. Domo announced its initial Series A funding of $43 million in July 2011.

Domo is a cloud-based service that allows management, IT professionals and others in a business to access their company's data wherever they are.

"We're encouraged by the belief investors and customers have in the power of Domo to transform business," James said in a statement. "The new capital, with the experience of our A-list team of investors, gives us incredible fuel and flexibility to accelerate growth."