Company Note: Domino Data Labs

Company Note: Domino Data Lab

Overview

Domino Data Lab is a leading provider of an enterprise AI platform designed to accelerate the development and deployment of data science work across an organization. Founded in 2013 and based in San Francisco, Domino has raised over $128 million from investors like Coatue, Sequoia Capital, and Domo.

Products

Domino's flagship product is the Domino Enterprise AI Platform - an integrated solution that aims to streamline the entire data science lifecycle from data access and model development to deployment, monitoring, and governance. Key capabilities include:

Visual workspaces for data scientists to collaborate on projects

Access to open-source data science tools and packaged enterprise tools

Compute environment provisioning (cloud, on-prem, hybrid)

Model deployment and monitoring

Enterprise security, access controls, auditing

Reusable templates and reproducibility

By providing a centralized platform, Domino helps enterprises scale data science efforts while enabling IT governance.

Market Position

Domino competes in the emerging ModelOps and MLOps platform space. Key competitors include cloud providers like Databricks, Cloudera, and open source players like Kubeflow, as well as horizontal AI platforms like Dataiku and verticalized solutions.

Domino differentiates through its integrated, enterprise-grade AI platform tailored for the needs of data science teams and IT operations. Its strength lies in supporting open source tools while enforcing governance.

Customer Base

Domino counts over 20% of Fortune 100 companies as customers across industries like finance, healthcare, technology, and more. Notable customers include Lockheed Martin, Daimler, Dun & Bradstreet, and Dell Technologies.

Leadership

Nick Elprin is the co-founder and CEO of Domino Data Lab. Other key leaders include Chief Data Scientist Kjell Carlsson, SVP of Product Chris Lauren, and VP of Sales Ryan Brock.

Partnerships

Domino has partnered with major cloud providers like AWS, Microsoft Azure, and Google Cloud to enable deployment on their infrastructure. It has technology partnerships with NVIDIA for accelerated computing and companies like Datarobot for integrated AI capabilities.

Future Outlook

As enterprises increasingly embrace AI/ML, the demand for governed data science platforms will continue growing. Domino is well-positioned with its mature enterprise AI offering and strong financial backing. Expansion into verticals, enhanced MLOps automation, and a focus on responsible AI development should drive Domino's growth. Strategic acquisitions could further bolster its capabilities.

Bottom Line

Domino Data Lab has established itself as a leading enterprise AI platform provider by offering a comprehensive, integrated solution tailored for data science teams. Its robust governance and security features coupled with open tool access have made it a trusted platform across the Fortune 500. As AI/ML adoption accelerates, Domino is poised for continued growth by focusing on capabilities like MLOps, responsible AI development, and strategic partnerships.

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Here's a brief overview of Domino Data Lab's major finance partners and investors:

Coatue Management:
Coatue is a tech-focused investment firm based in New York that has backed many successful startups and public companies. Some key points:

Founded in 1999 by Philippe Laffont
Manages over $50 billion in assets across public and private investments
Other notable investments include Snap, Grab, Mobileye, Databricks

Sequoia Capital:
Sequoia is one of the world's leading venture capital firms, with investments across sectors like tech, healthcare, fintech and more. Key facts:

Founded in 1972, headquartered in Menlo Park, CA
Notable investments include Apple, Google, Oracle, Airbnb, DoorDash
Led Domino's $27 million Series B round in 2017

Domo:
Domo is a cloud-based operating system and data visualization platform provider. Its involvement with Domino is likely strategic in nature.

Founded in 2010, headquartered in American Fork, Utah
Went public in 2018, currently valued at over $500 million
Could integrate Domino's data science/MLOps capabilities with its BI platform
May have co-invested or provided services as part of Domino's funding rounds

With investors like Coatue and Sequoia, Domino has access to considerable financial resources as well as the experience and networks of these prominent Silicon Valley firms. The Domo connection indicates potential for product integration plays. Overall, Domino's investor lineup provides capital, domain expertise, and strategic opportunities to drive its growth in the enterprise AI market.