Ruby on Rails Raises $3.5 Million

New Relic Inc., a Menlo Park, Calif.-based provider of Ruby on Rails application performance management solutions, has raised $3.5 million in first-round funding from Benchmark Capital. 

PRESS RELEASE 

New Relic, Inc., a leading provider of Ruby on Rails application performance management solutions, today announced it has received $3.5 million in first-round venture financing from Benchmark Capital. The company plans to use the funds to drive product development and to expand sales and marketing programs. Benchmark Capital general partner Peter Fenton will join the company's board of directors.

New Relic offers RPM