How it started
Foundation and early years
Lew Cirne founded New Relic in 2008 and became the company's CEO. The name "New Relic" is an anagram of founder Lew Cirne's name.
On November 5, 2012, CA Technologies filed a lawsuit claiming that New Relic violated three patents that came into CA Technologies' possession through the acquisition of Wily Technology (a company also founded by Lew Cirne).
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 October 2013, the company announced that it was converting its software analytics product into a SaaS model, code named Rubicon.
In April 2014, New Relic raised another $100 million in funding led by BlackRock and Passport Capital, with participation from T. Rowe Price and Wellington Management. The company went public on December 12, 2014.
2020 to present
From Wikipedia’s article on New Relic, shared under CC BY-SA 4.0.3