Another Big Enterprise Deal As New Relic Raises $80M And Eyes IPO To Extend App Monitoring Service

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http://techcrunch.com – Another big enterprise deal to report as New Relic, an app performance monitoring service, has raised $80 million analyzing and is looking at an IPO. Insight Venture Partners led the financing, which also included T. Rowe Price. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company’s existing investors Benchmark Capital, Trinity Ventures, Tenaya Capital, and Allen & Company. Like a number of young enterprise companies, New Relic has had significant growth for its app performance technology. It has 35,000 active customers with 5,000 paying (IT news)