Investing in New Relic

By Posted in New Relic News, Top Post 5 February 2013

New Relic logoIt’s been almost five years since our CEO and Founder, Lew Cirne, introduced New Relic as the next generation of APM. We’ve come a long way since then, with over 35,000 customers, support for five programming languages, and the ability to monitor apps, browsers and server infrastructure all from one single tool.

Today we’re excited to announce we’ve raised an additional $80 million in mezzanine financing. As we move towards a future public offering, the additional funding will help us expand into the mobile market, extend our operations in Europe and increase our enterprise footprint so we can continue to displace the entrenched APM incumbents.

This latest round of financing was led Insight Venture Partners, and included T. Rowe Price as a major new investor. Other participants included Dragoneer Investment Group, Passport Ventures, and our existing investors Benchmark Capital, Trinity Ventures, Tenaya Capital and Allen & Company.

New Relic investors

The funding comes on the heels of a record-breaking 2012, where we nearly tripled our revenue growth year over year and doubled our customer base, adding over 1,200 paying customers in Q4 alone. For more information, read the full press release or check out this infographic.

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