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Domo

“Can a cloud BI/analytics platform survive and grow in a crowded market by becoming the embedded analytics layer inside other SaaS products and AI-driven workflows?”

Founded2010
HQAmerican Fork, Utah, USA
FoundersJosh James
Total raised~$690M+ (pre-IPO VC-backed)
Latest roundIPO, June 2018
Valuation~$511M at IPO (Nasdaq: DOMO)
IndustryHorizontal SaaS / Accounting
The story

Founded in 2010 as a mobile-first business intelligence platform aiming to give executives real-time data on smartphones. Went public in 2018 in a muted IPO after burning through substantial VC funding and facing questions about growth relative to losses. Pivoted toward AI-augmented analytics and embedded analytics (Domo Everywhere) to expand its monetization surface beyond direct subscriptions into platform/OEM models.

Last 12 months
2025
Product timeline
2010
Founded by Josh James as Shacho, Inc. after leaving Adobe; acquired Corda Technologies and rebranded to Domo.· pivot
2018
Domo IPO on Nasdaq (DOMO), raising $193M at ~$511M valuation.· ipo
2021
Launched Domo Everywhere, an embedded analytics tool for embedding live, interactive BI dashboards and reports into third-party products.· pivot
The stack
2 layers disclosed in Domo’s embedded-finance stack
Lending
vartana
Accounting
in the full report
Accounting gap: none
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Domo — frequently asked

Who provides Domo's lending?

Domo's lending and capital products are provided by vartana.

Which accounting software does Domo integrate with?

Domo integrates with Xero, QuickBooks Online and Sage Intacct.

What is Domo's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Domo's stack: Lending (vartana); Accounting (Xero, QuickBooks Online and Sage Intacct).

Who founded Domo?

Domo was founded by Josh James and is founded in 2010, headquartered in American Fork, Utah, USA.

How much funding has Domo raised?

Domo has raised ~$690M+ (pre-IPO VC-backed) in total (latest round: IPO, June 2018; valuation: ~$511M at IPO (Nasdaq: DOMO)).

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