Series A Whopper: Benchmark Invests $33M in New BI Company Domo

A new software as a service company Domo is formally launching tonight at a party in Salt Lake City. I have no idea how opulent or bare-bones this party will be, but theoretically the company would have plenty to spend on drinks, T-shirts and canapes. It just raised a massive $33 million series A from Benchmark Capital. Actually, counting the angel investments that were closed earlier but rolled into the same round, the company has raised $43 million. But before you cry "COLOR!" it's worth noting Domo has a few unique things going for it. It is founded by Josh James , the founder and 10-year CEO of Omniture , one of the very few SaaS companies out of thousands funded in the late 1990s/early 2000s that actually managed to build a $1 billion-plus company. (He's to the left enjoying his Nasdaq moment.)