New Relic is a San Francisco, California-based technology company which develops cloud-based software to help website and application owners track the performances of their services.
History
founded New Relic in 2008 and is the company's CEO. The name "New Relic" is an anagram of founder Lew Cirne's name. In February 2013, New Relic raised $80 million from investors including Insight Venture Partners, T. Rowe Price, Benchmark Capital, Allen & Company, Trinity Ventures, Passport Capital, Dragoneer, and Tenaya Capital at a valuation of $750 million. The funding round helped New Relic extend its software analytics platform to include Android and iOS native mobile apps. In April 2014, New Relic raised another $100 million in funding led by BlackRock, Inc., and Passport Capital, with participation from T. Rowe Price Associates, Inc. and Wellington Management. Board members are Peter Fenton of Benchmark, Dan Scholnick of Trinity Ventures, Peter Currie of Currie Capital, Adam Messinger of Twitter, Sarah Friar of Square, and Lew Cirne. New Relic went public on December 12, 2014. In January 2020, the company announced that Bill Staples will join as Chief Product Officer on February 14, 2020. He will lead the product management, engineering and design functions, as well as drive the company's platform strategy. In March 2020, New Relic inked a 10-year deal to move its Atlanta team out of co-working space into the 20th floor of a 28-story office tower off 12th Street in Midtown. In June 2020, New Relic laid off "less than 20" employees at its Portland engineering office.
Products
New Relic's technology, delivered in a software as a service model, was announced in 2013. It monitors Web and mobile applications in real-time with support for custom-built plugins to collect arbitrary data.
On November 5, 2012, CA Technologies filed a lawsuit in the US District Court for the Eastern District in New York. The lawsuit claims that New Relic violated three patents that came into CA Technologies' possession through acquisitions. The three patents in question are numbers B2; B1; and B2. This is the first of two actions CA Technologies has filed in connection with alleged infringement of patents obtained in the acquisition of Wily Technology. In April 2013, CA Technologies filed a lawsuit asserting patent infringement of the same three APM patents against software developer AppDynamics. However, on April 20, 2015 AppDynamics and CA settled the two-year-old patent dispute. AppDynamics said that it paid a "modest fixed payment."
