New Relic raises $80M

| Print |  Email
Must Reads
Wednesday, February 06, 2013

San Francisco software company New Relic raised $80 million from investors. The company has a large presence in Portland.

“We’re going to invest heavily in R&D, expanding into new businesses and preparing for an IPO and life as a public company,” [Founder and CEO Lewis] Cirne said. “We have a deep pipeline of product initiatives.”

That starts with mobile software, which New Relic expects to roll out this quarter. To date, the company has served 35,000 customers with technology that lets them locate bugs in their applications using a web-based dashboard. For a site that’s slow or not responding, the client can drill down to see if it’s a problem with the network, a failed server or a spike in traffic. Customers range from long-established businesses such as Nike and Sears to emerging web companies including Airbnb and Github. New Relic is taking on tech giants such as IBM, Hewlett-Packard and CA (which acquired Wily) by offering subscription software for $24 or $149 per month per server and a free product with fewer features.

Read more at OregonLive.com.

{biztweet}new relic{/biztweet}

 

More Articles

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS