Domo, the SaaS business intelligence startup launched by Omniture founder Josh James, has raised $ 20 million in new funding from Institutional Venture Partners (IVP). This round brings total investment in Domo to $ 63 million. Previous investors include Benchmark Capital, Andreessen Horowitz, Ron Conway and David Lee of SV Angel, and Hummer Winblad.
As you may remember, Omniture is a web analytics SaaS company that went public and was subsequently bought by Adobe in 2009 for $ 1.8 billion. Last year, James debuted his next project, Domo, with $ 33 million in funding from Benchmark, and aimed to tackle the business intelligence space. Domo purchased a company called Corda, and started accepting customers on a selective basis to test out the platform.