Deal Announcements

New Relic Receives $15 Million VC Funding

Thursday, November 17, 2011 5:54:00 AM PDT | VentureDeal Staff

   San Francisco, California  --  Software development company New Relic has garnered $15 million in its latest round of institutional venture capital funding.

New Relic provides a Rails Performance Management description service that enables Ruby Rails developers to optimize their application performance.

DAG Ventures and Four Rivers Partners led the round, which also included previous investors Allen & Company, Benchmark Capital, Tenaya Capital and Trinity Ventures.

The company said it would use the funding to scale its business to meet demand.

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