# New Relic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-relic

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.newrelic.com
- Total disclosed funding: $194M
- Latest round: Series F (Apr 17, 2014)
- Investors on record: 12

## About

New Relic, Inc. provides observability solutions for software applications. Founded in 2008 in San Francisco, US by Lew Cirne, the company has undergone strategic developments but operates independently. The headquarters is located in San Francisco, California.  In November 2023, Francisco Partners and TPG Capital, along with the company's management, acquired New Relic, Inc. from HMI Capital Management, JANA Partners Management, Engaged Capital and Eminence Capital for approximately USD 6.5 billion in cash, or USD 87 per share, in a public to private transaction.

New Relic offers a comprehensive suite of observability solutions, including the Intelligent Observability Platform, Application Performance Monitoring (APM), Digital Experience Monitoring, and Infrastructure Monitoring. These solutions enable organizations to monitor and improve their technology stack, providing real-time analytics and intelligent observability tools. The company serves a varied client base across retail, healthcare, media, and technology sectors, ensuring operational excellence and agility in software development globally, with notable presence in North America, Europe, and Asia-Pacific.

The company operates on a subscription-based revenue model, allowing clients tailored access to observability tools with pricing plans that vary based on data usage and user access. These offerings include various subscription tiers suited for businesses ranging from small teams to large enterprises, focusing on comprehensive application performance insights.

New Relic plans to enhance its product offerings with new observability solutions aimed at addressing evolving market needs. The company is targeting expansion into additional markets, particularly in Europe and Asia-Pacific, by 2025.

## Funding rounds

- Series F, Apr 17, 2014, $100M — T Rowe Price, Wellington Management, Passport Capital, BlackRock
- Series E, Feb 5, 2013, $60M — Benchmark, T Rowe Price, Insight Partners, Trinity Ventures, Allen & Company, Tenaya Capital, Passport Capital, Dragoneer Investment Group
- Series D, Nov 16, 2011, $15M — Benchmark, Trinity Ventures, DAG Ventures, Allen & Company, Tenaya Capital, Four Rivers Group
- Series C, Oct 5, 2010, $9.9M — Benchmark, Trinity Ventures, Allen & Company, Tenaya Capital
- Series B, Oct 24, 2008, $6M — Benchmark, Trinity Ventures
- Series A, Apr 30, 2008, $3.5M — Benchmark

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C, Series D, Series E
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B, Series C, Series D, Series E
- Allen & Company — Series C, Series D, Series E
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series C, Series D, Series E
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series D
- Four Rivers Group (https://capitalatlas.ai/funds/four-rivers-group) — Series D
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series E, Series F
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E
- Passport Capital — Series E, Series F
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series E
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series F
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series F