New Relic, a SaaS-based cloud application management platform, has raised $15 million in funding led by DAG Ventures and Four Rivers Group with participation from existing investors Benchmark Capital, Trinity Ventures, Tenaya Capital and Allen & Company. This brings New Relic’s total funding to $35 million.
New Relic is the all-in-one web application performance tool that lets developers see cloud applications performance 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 manage web application performance in real-time.
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What do Groupon, Zynga, Airbnb, Crunchbase and LinkedIn have in common? They know site performance is critical to their success, so they use New Relic app monitoring to make sure their apps are quick and fast. Every second on the web counts and New Relic has been on a tear since raising $10 million in October from Benchmark, Allen & Co., and Trinity Ventures. They now measure over 20 billion metrics each day and have a goal of being ubiquitous – like the Google Analytics of web performance.
New Relic recently agreed to be a Partner Sponsor of our September Disrupt SF conference (where all Hackathon participants will get a free standard account) and we convinced them to give away three free pro accounts today to our readers. → Read More
The bad news for startups keeps on coming in. This time it’s RubyOnRails application hosting provider Engine Yard that has laid off 15% of its staff, as publicly reported on the company’s blog earlier this week. We’ve contacted co-founder Lance Walley and can confirm that 12 out of 82 people have been let go, across several departments.
The TechCrunch Layoff Tracker has been updated accordingly.
Engine Yard, which essentially delivers a platform to build, manage and host Rails applications, raised raised a $15 million Series B round of funding from new investors New Enterprise Associates and Amazon last July, with investor Benchmark Capital also participating. The round brought its total amount of funding to $18.5 million. → Read More
New Relic, a company that focuses on helping Rails developers optimize and maintain their code, has closed a $6 million Series B funding round led by Trinity Ventures, with existing investor Benchmark Capital also participating. After a $3.5 million Series A round earlier this year, the round brings New Relic’s total funding to around $9.5 million. As part of the deal Trinity’s Dan Scholnick will be joining the New Relic board, with Benchmark Capital’s Peter Fenton taking the role of chairman of the board.
New Relic offers subscription-based services for developers using the popular Ruby on Rails platform. The company’s Rails Performance Management (RPM) package helps developers test their code for performance issues, presenting data in an intuitive graphical interface. To use the service, developers install the RIM Rails plug-in into their project, which then relays the data to New Relic’s servers for analysis (you can see our full post on the service here). → Read More
Engine Yard, a platform to build, manage and host Rails applications, raised a $15 million Series B round of funding from new investors New Enterprise Associates and Amazon. Previous investor Benchmark Capital also participated – Engine Yard has now raised $18.5 million in capital. Engine Yard competitors Heroku and New Relic have also raised capital this year. Amazon’s investment is clearly strategic as it expands its own web services products. Engine Yard fits nicely into Amazon’s big picture plans for application tools, hosting and management. Engine Yard Aim For Java With RubyOnRails Platform – Read More On TechcrunchIT >> CrunchBase Information Engine Yard Information provided by CrunchBase → Read More
New Relic is looking to capitalize on the growing number of Ruby on Rails application deployments, having recently raised $3.5M from Benchmark Capital for their Rails Performance Management (RPM) product. RPM is a combination of installed software and cloud services that helps developers understand performance problems in their RoR applications. A Rails developer first installs a standard plugin that continuously sends performance data to New Relic’s servers. He or she can then use an RPM dashboard to identify the specific points in their code that are causing bottlenecks. Several brand name Rails developers are already using a beta version of the RPM service, including Rails core developer Rick Olson. While the company is reluctant to disclose its current enterprise-size clients, they are obviously going after the several billion-dollar-plus businesses already using Rails in production. New Relic was founded by Lewis Cirne, who in 1998 started a company that offered similar monitoring software for the then-young Java application industry. Cirne successfully sold that company and has brought several of his old colleagues with him to this new Rails venture. Other startups working to make Rails deployment less painful include Heroku, which offers online development and one-click cloud deployment, and Engine Yard, which offers managed Rails service infrastructure. CrunchBase Information RPM Information provided by CrunchBase → Read More
