Cloud App Monitoring Company New Relic Raises $100M

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New Relic, maker of application monitoring tools for developers, has raised $100 million in funding led by BlackRock, Inc., and Passport Capital with T. Rowe Price Associates, Inc. and Wellington Management also participating.

We’re hearing from a source that the valuation of the company in the round was north of $1 billion, but have not been able to confirm this. In the company’s last round, New Relic was valued at $750 million.

Founded by Lew Cirne, New Relic is the all-in-one server and application performance tool that lets developers see the performance of cloud applications from the end user experience through servers and down to the line of application code. The company’s SaaS combines user monitoring, application monitoring, and availability monitoring in a single platform, allowing developers and operations teams to manage web application performance in real-time.

The company currently analyzes over 200 billion data points per day for over 3 million application instances from tens of thousands of customers.

“We monitor billions of data points in real-time for tens of thousands of active accounts,” said Cirne in a release. “This funding will help us further accelerate company momentum on a global basis, build out our presence among large enterprises and develop both new and existing products, including our real-time analytics platform to enable more organizations make better data-driven business decisions.”

Last year, Cirne (who sold his previous company, Wily Technology to CA in 2006 for $350 million) talked about an IPO as a possible outcome, so this could be the last round of outside funding for the company as it prepares for a public offering. Early investors in the company include Benchmark, Trinity Ventures, Tenaya Capital and Allen & Co.