New Relic, the SaaS-based cloud application performance management provider, has announced that it has closed a $15 million expansion financing round led by new strategic investors DAG Ventures and Four Rivers Group with participation from existing investors Allen & Company, Benchmark Capital, Tenaya Capital, and Trinity Ventures. The funding will be used to scale the business to meet overwhelming demand from small, mid-size and enterprise organizations for a SaaS-based solution to manage their cloud application environments.

Highlights

• New Relic has experienced tremendous growth and is one of the fastest growing SaaS companies with over 200 percent year-over-year revenue growth, due to the increased adoption of web applications in the cloud. The company supports over 14,000 active customers including recent additions Comcast, Nike, and Zynga, and manages more than 6 billion user transactions daily. The company also recently announced the addition of new President and Chief Operating Officer, Chris Cook.
• Announced last week, New Relic's Server Monitoring saw more than 5,000 deployments in the first four days. Server Monitoring is the third critical component in New Relic's single SaaS product, which also provides end user monitoring and application monitoring for complete visibility into application performance.
• New Relic is the only provider to support all major web languages, including Ruby, PHP, Java, .NET and Python. The company manages more cloud-based applications than all other providers combined and counts leading PaaS providers Heroku, EngineYard, CloudBees, Acquia and ActiveState among its cloud partners.

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