San Francisco-based cloud app monitoring company New Relic has raised $100 million in a new funding led by BlackRock and Passport Capital with participation from T. Rowe Price Associates and Wellington Management.
New Relic provides an all-in-one server and application performance tool for developers to monitor and manage cloud applications.
Founded in 2008, New Relic has raised nearly $275 million to date and will use the new funds to accelerate global expansion and develop both new and existing products.
By Jarrett Neil Ridlinghafer
CTO of the following –
Synapse Synergy Group
Chief Technology Analyst, Author & Consultant
Compass Solutions, LLC
Cloud Consulting International