Software analytics company New Relic has raised $100 million in new funding, the company said today. That helps put off a debut on public markets.
The money will go toward more product enhancements and more expansion internationally, the company said.
New Relic made its name in the application-performance-management market and has been looking to expand its range with tools to analyze how people use software.
New Relic opened an office in Dublin in February.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
BlackRock and Passport Capital led the round. T. Rowe Price Associates and Wellington Management also participated.
To date, New Relic has raised $215 million. The company is in a position to go public, and this new funding could help the company get better prepared before that financial event.
