Wednesday, November 16, 2011

New Relic Raises $15M

San Francisco-based New Relic, a developer of cloud application performance management tools, announced this morning that it has raised $15M. The round was led by DAG Ventures and Four Rivers Group, and also included Allen & Company, Benchmark Capital, Tenaya Capital, and Trinity Ventures. New Relic, which is headed by Lew Cirne, said the funding will go towards development and expansion of its products. New Relic said its customers include Comcast, Nike, and Zynga.