New Relic Raises $10M

San Francisco-based New Relic, a developer of application performance management software, said today that it has raised $10M in a Series C funding round. The round was led by Tenaya Capital, and also included Allen & Co., Benchamrk Capital, and Trinity Ventures. New Relic said it will use the funding for growth efforts. New Relic's software-as-a-service to tune their web applications running in public or private clouds. More information »