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How Domo went from a $2.8 billion darling to fighting for its survival

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![Rosalie Chan headshot](data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E) By Rosalie Chan

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2026-06-27T15:16:10.246Z

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In 2022, the founder of software company Domo stepped down as CEO after he was accused of sexually assaulting an employee on a work trip, an allegation he denied. A year later, he came back to lead the company.

Since then, the troubles of the once-hot startup have worsened, rocked by executive departures, new competition from AI agents, and the drunken-driving arrest of its founder and CEO, Josh James.

James was arrested last year on a charge of driving under the influence of alcohol after crashing his BMW into a mailbox, according to bodycam footage and a police report reviewed by Business Insider. He pleaded not guilty and has an upcoming hearing scheduled for July. The incident hasn't previously been reported.

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