Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

Follow us on
 
  • New Relic Inc. Raises $80 Million of Funding

    February 7th, 2013 No comments

    Start-up New Relic Inc. added to its other venture funding $80 million from Insight Venture Partners and T. Rowe Price as new investor.

    This round of funding will be used to fund monitoring app performance on mobile devices, expand into the mobile market and extend its operations into Europe. The San Francisco new web application performance tool show IT people real time performance of the web apps and the infrastructure (servers and networks).

    The management of the company said that they are in a point where they wish to focus on the unique model and build an independent multibillion company.

    Dragoneer Investment Group LLC, Passport Ventures LLC. Benchmark Capital, Tenaya Capital, Trinity Ventures, Allen & Company were included among the new participants of this round of funding.

    The company almost tripled its revenue growth over the last year and doubled its customer base. For this year, the company plans to move its San Francisco headquarters to a larger facility, include mobile application management and open offices all over Europe.

    New Relic wants to create a better mobile and web experience for its clients through fast and more reliable apps. The company presently has more than 35000 customers in over 36 countries, which is the largest customer base in its industry.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 227,064 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility