New Relic Raises $100M in Funding

newrelic_logoNew Relic, a San Francisco, CA-based provider of software analytics, raised $100m in funding.

The round was led by funds affiliated with BlackRock and Passport Capital, with participation from T. Rowe Price Associates and Wellington Management. They joined previous investors Allen & Company, Benchmark Capital, Dragoneer Investment Group, Insight Venture Partners, Tenaya Capital and Trinity Ventures.

The company intends to use the funds for product development and expansion of its international presence.

Founded in 2008 by Lew Cirne, New Relic provides a SaaS-based application performance management (APM) solution to optimize web and native mobile applications. Last month, the company announced New Relic Insights, a real-time analytics platform that that collects, stores and presents valuable data and transforms it into insights about customers, applications and the business.
In February 2014, New Relic opened its first international office, in Dublin, Ireland.



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