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New Relic brings in $100M more ahead of IPO

Above: New Relic CEO Lew Cirne

Image Credit: New Relic

Software analytics company New Relic has raised $100 million in new funding, the company said today. That helps put off a debut on public markets.

The money will go toward more product enhancements and more expansion internationally, the company said.

New Relic made its name in the application-performance-management market and has been looking to expand its range with tools to analyze how people use software.

New Relic opened an office in Dublin in February.

BlackRock and Passport Capital led the round. T. Rowe Price Associates and Wellington Management also participated.

To date, New Relic has raised $215 million. The company is in a position to go public, and this new funding could help the company get better prepared before that financial event.

More information:

New Relic, Inc. is the all-in-one web application performance management provider for the cloud and the datacenter. Its SaaS solution, which combines real user monitoring, server monitoring, application monitoring, and availability mon... read more »

Lewis Cirne is the founder and CEO of New Relic, recently funded Software as a Service company focused on providing application performance management solutions for over 35,000 customers. The company is funded by Benchmark Capital, Ins... read more »

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