Cloud-based business management platform Domo, which was founded nearly five years ago, has raised $200 million in series D round led by BlackRock. The other investors in this round included Capital group, Glynn Capital and previous investor GGV Capital also participated in the round. The company which had been running in a stealth mode up till now, has raised a total of around $450 million in funding.
Domo is a venture of Omniture Co-Founder Josh James, it has a business management platform for collecting, visualizing, normalizing and optimizing business intelligence data from a wide range of sources. With all that data, end users can see how different parts of the business are operating. The platform provides a view for different departments in an organisation to analyse their operations and allocate resources effectively.
As per a TechCrunch report, even in stealth mode, the platform has attracted over 1,000 clients who pay $2,000 per user per year and the company is looking to do more than $100 million in sales in 2015.
Now, Domo is finally ready to open up to new clients with a self service model for signing up and the company is announcing all this at its customer conference called Domopalooza.