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New Relic Relishes in Huge Funding Round

Posted on 4.29.2014

On the heels of releasing its new real-time analytics platform (still in beta), New Relic announces $100 million in funding.

"This funding will help us further accelerate company momentum on a global basis, build out our presence among large enterprises and develop both new and existing products, including our real-time analytics platform to enable more organizations make better data-driven business decisions," stated Lew Cirne, New Relic founder and CEO.

This latest round of investments was led by BlackRock, Inc. and Passport Capital Funds, LLC and included participation from T. Rowe Price Associates, Inc. and Wellington Management. Other investors in New Relic include Allen & Company, Benchmark Capital and Dragoneer Investment Group.

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