New Relic Closes $15M Expansion Financing

New Relic, a San Francisco, Ca.-based cloud application performance management provider, has closed a $15m expansion financing.

The round was led by new strategic investors DAG Ventures and Four Rivers Group, with participation from existing investors Allen & Company, Benchmark Capital, Tenaya Capital, and Trinity Ventures.

The company intends to use the funding to scale the business to meet demand for its solutions from small, mid-size and enterprise organizations.

Led by Founder and CEO Lew Cirne and recently addes President and COO, Chris Cook, New Relic provides small, mid-size and enterprise organizations with a SaaS-based performance management solution that combines real user, application and availability monitoring to manage their cloud application environments.
It supports all major web languages, including Ruby, PHP, Java, .NET and Python.

The company also partners with cloud management, platform and hosting vendors to provide their customers with instant visibility into the performance of deployed applications.

New Relic currently supports over 14,000 active customers including recent additions Comcast, Nike, and Zynga, and manages more than 6 billion user transactions daily.



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