We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!

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.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.