New Relic is an American software analytics company based in San Francisco, California. Lew Cirne founded New Relic in 2008 and is the companys CEO. New Relics technology, delivered in a software as a service (SaaS) model, monitors Web and mobile applications in real-time that run in cloud, on-premises, or hybrid environments. The name "New Relic" is an anagram of founder Lew Cirnes name. 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 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. Board members are Peter Fenton of Benchmark, Dan Scholnick of Trinity Ventures, Peter Currie of Currie Capital, Adam Messinger of Twitter, Sarah Friar of Square, and Lew Cirne. New Relic went public on December 12, 2014. New Relic launched an open SaaS platform in June 2013. The platform is designed to allow developers to deploy 50+ plug-ins from technology partners (or build their own) to the New Relic dashboard. Plug-in technologies include PaaS/cloud services, caching, database, Web servers and queuing.