US cloud start-up to expand in Europe, Middle East

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new relicSan Francisco-based New Relic, a Software-as-a-Service start-up focused on application management, just closed another rounding that yielded approximately $100 million. The funding is meant to support New Relic’s expansion in Europe, the Middle East and Africa. New Relic in February opened an office in Dublin, Ireland – its first location overseas – to serve as its headquarters for operations in these regions, ZDNet reported.

Led by BlackRock and Passport Capital, the new round rises New Relic’s total funding count up to roughly $215 million since its launch in 2008. Allen & Company served as financial advisers and assisted in arranging the financing.

Other investors, new and old, include T. Rowe Price Associates, Wellington Management, Benchmark Capital, Dragoneer Investment Group, Insight Venture Partners, Tenaya Capital and Trinity Ventures.

On the product front, the software firm recently unveiled New Relic Insights, a real-time analytics tool for collecting and visualizing valuable data from software that the customer already has.

New Relic touted that the Insights platform is capable of analysing more than 200 billion metrics per day for over three million applications. Existing paying customers can get access for free for a limited time. Under the trial program, each account is eligible for one billion metrics stored up to seven days.

 

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Reading Time: 1 minute

San Francisco-based New Relic, a Software-as-a-Service start-up focused on application management, just closed another rounding that yielded approximately $100 million. The funding is meant to support New Relic’s expansion in Europe, the Middle East and Africa. New Relic in February opened an office in Dublin, Ireland – its first location overseas – to serve as its headquarters for operations in these regions, ZDNet reported.

Reading Time: 1 minute

new relicSan Francisco-based New Relic, a Software-as-a-Service start-up focused on application management, just closed another rounding that yielded approximately $100 million. The funding is meant to support New Relic’s expansion in Europe, the Middle East and Africa. New Relic in February opened an office in Dublin, Ireland – its first location overseas – to serve as its headquarters for operations in these regions, ZDNet reported.

Led by BlackRock and Passport Capital, the new round rises New Relic’s total funding count up to roughly $215 million since its launch in 2008. Allen & Company served as financial advisers and assisted in arranging the financing.

Other investors, new and old, include T. Rowe Price Associates, Wellington Management, Benchmark Capital, Dragoneer Investment Group, Insight Venture Partners, Tenaya Capital and Trinity Ventures.

On the product front, the software firm recently unveiled New Relic Insights, a real-time analytics tool for collecting and visualizing valuable data from software that the customer already has.

New Relic touted that the Insights platform is capable of analysing more than 200 billion metrics per day for over three million applications. Existing paying customers can get access for free for a limited time. Under the trial program, each account is eligible for one billion metrics stored up to seven days.

 

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