New Relic announced $100 million in financing that will fund further product development and expand the company’s international presence.
Funds affiliated with BlackRock, Inc. and Passport Capital, LLC led the round with T. Rowe Price Associates, Inc. and Wellington Management also in participation.
Lew Cirne founded New Relic in 2008 to provide an advanced application performance management (APM) solution to businesses of any size through a software-as-a-service offering. Today, New Relic has expanded its software analytics offering to make sense of billions of data points about millions of applications in real time. New Relic offers one powerful interface for web and native mobile applications and consolidates the performance monitoring data for any chosen technology. Last month, the company announced New Relic Insights, a real-time analytics platform that transforms collected data into insights about customers, applications and their business.
“We monitor billions of data points in real-time for tens of thousands of active accounts,” said Cirne, New Relic founder and CEO. “This funding will help us further accelerate company momentum on a global basis, build out our presence among large enterprises and develop both new and existing products, including our real-time analytics platform to enable more organizations make better data-driven business decisions.”
Funds managed by Passport Capital and T. Rowe Price Associates also participated in the previous round of financing in February 2013. New investors BlackRock and Wellington Management join previous investors Allen & Company, Benchmark Capital, Dragoneer Investment Group, Insight Venture Partners, Tenaya Capital and Trinity Ventures. Allen & Company served as financial advisers to New Relic and assisted the company in arranging the financing.
The Latest
Industry experts offer predictions on how NetOps, Network Performance Management, Network Observability and related technologies will evolve and impact business in 2025 ...
In APMdigest's 2025 Predictions Series, industry experts offer predictions on how Observability and related technologies will evolve and impact business in 2025. Part 6 covers cloud, the edge and IT outages ...
In APMdigest's 2025 Predictions Series, industry experts offer predictions on how Observability and related technologies will evolve and impact business in 2025. Part 5 covers user experience, Digital Experience Management (DEM) and the hybrid workforce ...
In APMdigest's 2025 Predictions Series, industry experts offer predictions on how Observability and related technologies will evolve and impact business in 2025. Part 4 covers logs and Observability data ...
In APMdigest's 2025 Predictions Series, industry experts offer predictions on how Observability and related technologies will evolve and impact business in 2025. Part 3 covers OpenTelemetry, DevOps and more ...
In APMdigest's 2025 Predictions Series, industry experts offer predictions on how Observability and related technologies will evolve and impact business in 2025. Part 2 covers AI's impact on Observability, including AI Observability, AI-Powered Observability and AIOps ...
The Holiday Season means it is time for APMdigest's annual list of predictions, covering IT performance topics. Industry experts — from analysts and consultants to the top vendors — offer thoughtful, insightful, and often controversial predictions on how Observability, APM, AIOps and related technologies will evolve and impact business in 2025 ...
Technology leaders will invest in AI-driven customer experience (CX) strategies in the year ahead as they build more dynamic, relevant and meaningful connections with their target audiences ... As AI shifts the CX paradigm from reactive to proactive, tech leaders and their teams will embrace these five AI-driven strategies that will improve customer support and cybersecurity while providing smoother, more reliable service offerings ...
We're at a critical inflection point in the data landscape. In our recent survey of executive leaders in the data space — The State of Data Observability in 2024 — we found that while 92% of organizations now consider data reliability core to their strategy, most still struggle with fundamental visibility challenges ...