According to MarketsandMarkets, the global BI market is estimated to grow at 9.5% CAGR from $17.1 billion to $26.9 billion by the year 2021. Domo (Private:DOMO) is a Billion-Dollar Unicorn in this space.
Domo's Financials
Omniture Co-Founder Josh James founded Domo in 2010 when he realized that the market needed a solution that would access relevant business data from multiple sources. He developed a solution that is now able to integrate live business data from sources like Salesforce.com, Google Analytics, Box, LinkedIn, Facebook, and Instagram. Domo collects the data from these multiple sources and presents it in a visualized, interactive dashboard.
Domo earns revenues through a subscription-based model and earns an average revenue of $50,000 from each customer. It has more than 1,000 customers that include names like DHL, eBay, MasterCard, and National Geographic. Domo doesn't disclose its detailed financials, but it had reported 2015 bookings of $100 million and revenues that were doubling each year.
Domo has been ventured funded so far and has raised $700 million from investors including Andreessen Horowitz, Benchmark, Ben Horowitz, Bezos Expeditions, BlackRock, BYU Cougar Capital, Capital Group, Credit Suisse, Dan Rose, David Lee, Dragoneer Investment Group, Fidelity Investments, Founders Fund, Frank Wilder, GGV Capital, Glynn Capital Management, Greylock Partners, Hiroshi Mikitani, HWVP, Hummer Winblad Venture Partners, IVP, Jeff Bezos, Jeff Kearl, John Pestana, Lars Dalgaard, Marc Benioff, Mark Gorenberg, Mercato Partners, Meritech Capital Partners, Morgan Stanley, Paul Sagan, Pelion Venture Partners, Ronald Conway, Salesforce Ventures, SharesPost Investment Management, SV Angel, TPG Growth, Transmedia Capital, T. Rowe Price, Viking Venture Management, WPP, and Zetta Venture Partners. Its last round of funding was held in April this year when it raised $100 million in a round that valued it at $2.3 billion. An earlier round was held in 2015 at a valuation of $2 billion.