[7][8] The funding round helped New Relic extend its software analytics platform to include Android and iOS native mobile apps.
[10] In April 2014, New Relic raised another $100 million in funding led by BlackRock, Inc., and Passport Capital, with participation from T. Rowe Price Associates, Inc. and Wellington Management.
[13] In March, the company signed a 10-year deal to move its Atlanta team out of co-working space into the 20th floor of a 28-story office tower off 12th Street in Midtown.
[15] Also in June, amid internal disagreements about how the company should respond to systemic racism in society, former CEO Lew Cirne sent a memo stating that Black Lives Matter discussions were "off-the-table".
[16] In July, New Relic announced it was replacing all of its legacy products with a full stack platform, priced by user rather than by server, with the goal of simplifying things for its customers.
[25] In July 2023, the company agreed to be acquired by private equity firms Francisco Partners and TPG Inc. in an all-cash deal valued at $6.5 billion.
[1] New Relic's technology, delivered in a software as a service (SaaS) model, monitors Web and mobile applications in real-time[28][29][9][30] with support for custom-built plugins to collect arbitrary data.