This is an exciting time at New Relic. You may have seen today’s announcements that we are adding support for .NET and PHP, and the announcement that we have concluded a $10 million round of funding, which I believe will be the last funding we raise before reaching profitability. This is all great news and we couldn’t be happier. The New Relic Team is excited and focused. We are developing new functionality more rapidly and with more determination than ever before. So, where do we go from here?
I started this company with a vision of creating application management software that is easy to use and just works; hassle-free software deployments that don’t cost the farm. The 33 people who have joined the company since January 2008 share this vision and are very passionate about staying true to this vision. The fact that we now have nearly 6,000 customers and collecting more than 8 billion metrics per day is truly a validation of the principles on which the company was built.
Further validation comes from our Series C financing, a round that was led by Tenaya Capital and joined by Allen & Company (with additional participation from previous investors Benchmark Capital and Trinity Ventures). We are delighted to partner with these world class firms and welcome them as New Relic shareholders. I have known both Brian Melton from Tenaya and Mike Christenson from Allen & Company for many years, and it is wonderful to have the opportunity to partner closely with each of them.
With today’s product news we’ve effectively doubled our platform coverage and market opportunity. New Relic will manage .NET web applications using the exact same approach, service and pricing as we do for Ruby and Java web apps. If you are interested in our PHP beta, sign up today today then stay tuned for your chance to be among the first to use RPM’s proven monitoring and troubleshooting features on your PHP app!
So what’s next for New Relic? Believe it or not, we will have some more exciting product announcements in the coming months. These announcements will mark the future directions for the company. The bottom line is that we’re in this for the long haul and will take the time and effort necessary for this company to reach its potential. Of course, reaching our full potetial depends entirely on how well we serve the needs of our customers, day in and day out. So if you have a web app, give us a try. If you’re already using RPM, let us know how we can make it better for you.
And stay tuned for more exciting product announcements in the coming months. We’re not nearly done yet!
P.S. For those who are wondering: yes, we intend to do Python at some point, but we don’t have a firm date ready to share with you. But here’s what I can tell you: COBOL is not on the roadmap!