Software analytics company New Relic has raised $100 million in new funding, the company said today. That helps put off a debut on public markets.
The money will go toward more product enhancements and more expansion internationally, the company said.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1461835,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,cloud,entrepreneur,","session":"D"}']New Relic made its name in the application-performance-management market and has been looking to expand its range with tools to analyze how people use software.
New Relic opened an office in Dublin in February.
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BlackRock and Passport Capital led the round. T. Rowe Price Associates and Wellington Management also participated.
To date, New Relic has raised $215 million. The company is in a position to go public, and this new funding could help the company get better prepared before that financial event.
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