Domo, the once secretive $2 billion software company led by Josh James, is moving to go public

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Domo CEO Josh James

The Utah darling held its IPO kickoff meeting last week.

The business software company Domo, last valued at over $ 2 billion, is moving to go public, Recode has learned.

Domo last week held its “organizational meeting,” which generally serves as the formal kickoff in advance of an IPO filing with the Securities and Exchange Commission, according to sources. The company is pursuing a confidential filing with the SEC; it isn’t clear if the company has already filed or instead will do so within the next few weeks.

The filing would be the latest IPO in a flurry of listings, especially in the enterprise sector. And it would offer a payday to the cross section of venture funds that have financed the eight-year-old company’s growth, like GGV Capital, TPG and Benchmark.

It would also be a substantial exit for the so-called Silicon Slopes region of Utah: Domo, led by prominent entrepreneur Josh James, is based in a suburb of Salt Lake City. James is well known as the co-founder of Omniture, an analytics company that was sold to Adobe for almost $ 2 billion.

Domo declined to comment.

Domo has long teased an IPO — James told Recode as early as April 2015 that his company would be ready to go public in the next six months. And a company could always back off after the so-called org meeting or even after the filing, but this is a definite step in the IPO planning process.

The org meeting typically begins a one- to two-month process that includes the drafting of the paperwork that is filed with the SEC. The company’s leadership, its board, lawyers, bankers and financial advisers gather to chart how and when exactly the company will file and sell itself to Wall Street. A company though isn’t bound to file, and could eventually delay the listing, back off altogether or get acquired at the last minute.

The company hired banks to advise their IPO as far back as April 2016, but its momentum toward a public offering had stalled. Domo raised another round of financing in early 2017, pushing back the IPO as part of an attempt, as James said at the time, to remain private as long as humanly possible.

After somehow operating in stealth for almost five years, Domo emerged in 2015 with a $ 2 billion valuation. The company offers to businesses a portal that visualizes company and customer data — a live view of all sorts of things a CEO might need to know about his or her company in one software platform. Competitors include the still-private Looker and the now-public Tableau Software.

Domo’s IPO would be the latest high-profile listing at a time when private companies apparently feel the public markets will be friendly to startups. Spotify and Dropbox shares have begun trading over just the last few weeks, and a pair of other cloud-based companies, Zscaler and Zuora, have filed to follow suit this spring.

Advising Domo’s offering are Morgan Stanley and Credit Suisse. The banks declined to comment.

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Apple is moving on from Intel because Intel isn’t moving anywhere

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A report from Bloomberg this week has made public something that should already have been apparent to tech industry observers: Apple is planning to replace Intel processors in Mac computers with its own chips starting sometime around 2020. The two California companies have enjoyed a long and fruitful partnership ever since Apple made the switch to Intel CPUs with the 2006 MacBook Pro and iMac, but recent trends have made the break-up between them inevitable. Intel’s chip improvements have stagnated at the same time as Apple’s have accelerated, and now iPhone systems-on-chip are outperforming laptop-class silicon from Intel’s Core line. Even if Intel never cedes its performance crown, the future that Apple is building will invariably be…

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Apple reportedly moving to in-house Mac chips in 2020

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According to a new report, Apple is planning on changing the processors it uses in its Macs in the next few years. Currently, the company exclusively employs Intel processors in all of its Macs, but starting with 2020 Mac models, it will reportedly be utilizing its own chips instead.

From Bloomberg:

The initiative, code named Kalamata, is still in the early developmental stages, but comes as part of a larger strategy to make all of Apple’s devices — including Macs, iPhones, and iPads — work more similarly and seamlessly together, said the people, who asked not to be identified discussing private information. The project, which executives have approved, will likely result in a multi-step transition.

Apple currently designs the processors that reside in the iPhone, iPod touch, iPad, Apple TV, and HomePod. These devices all utilize A-series processors, a line first used in 2010 with the introduction of the first iPad, followed later that year by the iPhone 4.

A switch away from Intel processors to its own custom silicon would be the second such transition that Apple undertook in the last 20 years. The first was in 2006 when the company began transitioning Macs from PowerPC chips to Intel chips with the launch of its first Intel Macs, including the very first model of MacBook Pro.

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Source: Motorola is cancelling the Moto X5, moving away from niche Mods

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According to a source familiar with the company’s plans, as part of today’s downsizing of Motorola’s engineering team in Chicago, the Lenovo-owned smartphone maker has completely abandoned plans to launch the successor to last year’s Moto X4, the as-yet unannounced Moto X5. The X5 was leaked in significant detail in January.

Motorola continues to be a drag on Lenovo, which had initially promised to turn its ailing smartphone division profitable within two quarters of its acquisition.

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Source: Motorola is cancelling the Moto X5, moving away from niche Mods was written by the awesome team at Android Police.

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How to free up your Mac’s internal storage by moving your iTunes Library to an external drive

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A user’s music and video collection can be one of the largest consumers of hard drive space on a Mac, and is typically overlooked in favor of other items when it comes time to free up drive space. This guide explains how to shift where iTunes stores all of the content to an external drive.
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Researchers Create Device You Can Charge Just by Moving Your Fingers

Kinetic Energy Goes Electric

We have a lot of devices these days, and they all need to be charged. Though there are now pads for wireless charging, these are still plugged into a power outlet. In many cases, the charging process has barely evolved at all in the past decade or more.

But now, researchers from the University at Buffalo and the Chinese Academy of Science (CAS) might have developed the next step in this evolution, one that would no longer require plugging anything into a power socket. All it takes, according to their research recently published in the journal Nano Energy, is a special metallic tab and a little bit of body movement.

Renewable Energy Sources Of The Future [Infographic]
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The secret is an effect called triboelectric charging, and it’s something that most people have actually seen — or felt — before. Triboelectric charging happens when a material becomes electrically charged after coming into frictional contact with another material.

Yes, that’s right. Most static electricity happens this way, like when you accidentally touch a person and you get a small jolt from it. And no, we’re not talking about an emotional jolt here, silly.

This kind of contact electrification has been quite difficult to turn into a useful power source, although there have been studies that looked into it. Too often, the materials are difficult to produce or are not cost effective. The metallic tab developed by the researchers supposedly overcomes these hurdles.

Power Through Movement

The tab features two thin layers of gold that sandwich a slab of a silicon-based polymer called polydimethylsiloxane, which is typically used in contact lenses and Silly Putty. One layer of gold is stretched and then released, causing it to crumple. Upon applying force again, movement between the layers of gold and the polymer creates friction.

“This causes electrons to flow back and forth between the gold layers. The more friction, the greater the amount of power is produced,” lead author Yun Xu, a professor of Institute of Semiconductors at CAS, said in a press release. This friction can come from the slightest movement of a finger, the researchers explained.

A prototype metallic tab. Image credit: Nano Electricity/University at Buffalo
A prototype metallic tab. Image credit: Nano Electricity/University at Buffalo

As a demonstration in their study, the researchers used a metallic tab that’s only 1.5 cm (0.6 inches) long and 1 cm (0.4 inches) wide. The small tab generated 124 volts, with a maximum current and density that was enough to light 48 red LED lights at the same time. Though the tech is not quite there yet, the researchers hope that their material could soon charge smartphones and other smart gadgets using just movement.

“No one likes being tethered to a power outlet or lugging around a portable charger. The human body is an abundant source of energy. We thought: ‘Why not harness it to produce our own power?’” lead author Qiaoqiang Gan, an associate professor of electrical engineering at University at Buffalo, said in the press release.

Gan and his colleagues plan to improve the performance of this triboelectric charging device while at the same time working on a portable battery that can be used to store the energy the tab generates.

The post Researchers Create Device You Can Charge Just by Moving Your Fingers appeared first on Futurism.


In season 11, The X-Files is slowly moving closer to Black Mirror

Technology-based horror is nothing new for The X-Files, which had FBI agents Fox Mulder and Dana Scully confront their first murderous AI back in the 1993 episode “Ghost in the Machine.” But technological threats have always had the same status as other monster-of-the week problems on the show, which used to give futuristic fears the same weight as the series’ multiple episodes about killer fungus.

That’s changed since The X-Files returned for its 10th season in 2015. In that season’s premiere episode, Mulder (David Duchovny) learned that the alien invasion he feared for decades isn’t happening, and may never have actually been planned. The revelation helped cut ties with the series’ original nine-year run, and the extremely convoluted…

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It’s moving slowly, but Pinterest and other tech companies are becoming less white and less male

Pinterest released its latest diversity report on Tuesday.

Slowly but surely, Pinterest is getting more diverse.

The company released its annual workforce diversity report on Tuesday, and claims that underrepresented minorities now make up 9 percent of its workforce, up from just 7 percent in 2016. Pinterest is also hiring more female employees: Women account for 45 percent of Pinterest’s workforce, up from 44 percent last year, according to this latest report.

The data represents advances compared to 2016 government data published earlier this year. And while the changes from year to year may seem small, the company is chipping away at those diversity proportions.

Here’s how Pinterest’s workforce has changed since 2014:

Women make up a larger percentage of Pinterest’s workforce than they did three years ago, and they also claim more technical jobs inside the company, roles that have traditionally been dominated by men. Women still account for 19 percent of Pinterest’s leadership positions, the same percentage the company had in 2014, but up slightly over the past two years.

Underrepresented minorities — people who are black, LatinX or Native American — also make up a larger percentage of Pinterest’s overall workforce. Minority employees make up a larger percentage of Pinterest’s technical and leadership groups than they did three years ago.

Here’s how Pinterest’s diversity report compares to similar reports from other tech companies. Silicon Valley has been making a push over the past few years to diversify the tech industry for a number of reasons, one of which is to bring in employees with a more diverse range of experiences and ideas. As you can see, Pinterest has a higher percentage of female employees than most other Silicon Valley giants.

Candice Morgan, Pinterest’s head of Inclusion & Diversity, says the company has instituted a number of programs in order to increase diversity, including Pinterest’s own version of the NFL’s Rooney Rule, which requires teams to interview at least one minority candidate for top jobs like head coach. Pinterest’s version of the rule requires the company to interview at least one qualified female and underrepresented minority for each senior-level opening.

Pinterest also has an apprenticeship program to encourage candidates from nontraditional tech backgrounds to apply, and requires employees to complete an unconscious-bias training course in their first week on the job.

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Netflix is moving forward with the final season of House of Cards

Netflix’s first original series House of Cards has been on hold ever since sexual abuse allegations surfaced against lead actor Kevin Spacey, but today, Netflix chief content officer Ted Sarandos confirmed that the service plans to move forward with the final season of the series. The executive made the comments during the UBS Global Media and Communications Conference in New York.

According to Variety, the final season of House of Cards will include eight episodes (previous seasons have been 13 episodes long), and will focus on Robin Wright’s character Claire Underwood. Spacey will not be involved, as Netflix announced last month that it would no longer be working with him. Production will resume in January.

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Honda hopes developers can help keep the LA Olympics moving

If you've ever been to Los Angeles, you've been in traffic. It's such an integral part of the LA experience that the running joke is that the city is nothing more than a giant parking lot. But the sprawling metropolis is trying to do better. It's exp…
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