It’s now valued at over $1 billion, has more than 500 employees, and counts among its client base Airbnb, Pinterest, The Pokémon Co. The infusion follows a breakout year in which Sumo Logic notched over $100 million in revenue and hit the 2,000-customer mark.
#New relic business intelligence applications series#
Sumo Logic, a cloud-native, machine data analytics platform delivering continuous app intelligence, has raised $110 million in a series G funding round. Sumo Logic raises $110 million to orchestrate cloud apps with AI The company is also simplifying its product set with the goal of encouraging customers to instrument everything instead of deciding what to monitor and what to leave out to control cost.Ģ019. New Relic wants to change that and is moving to a model where customers pay by the user instead, with a smaller, less costly data component. That leads to limiting what you choose to monitor, to control costs. If you are particularly active in any given month, that can result in a hefty bill at the end of the month. In the monitoring world, typically when you spin up a new instance, you pay a fee to monitor it. New Relic is changing its pricing model to encourage broader monitoring Using eBPF, a relatively new way to extend the Linux kernel, the Pixie platform can collect data right at the source and without the need for an agent.Ģ020. And while most similar tools focus on operators and IT teams, Pixie set out to build a tool that developers would want to use.
From the outset, the Pixie Labs team designed the service to focus on providing observability for cloud-native workloads running on Kubernetes clusters. The Pixie Labs brand and product will remain in place and allow New Relic to extend its platform to the edge. New Relic, the publicly traded monitoring and observability platform company has acquired Kubernetes observability platform Pixie Labs. New Relic acquires Kubernetes observability platform Pixie Labs Designed to help DevOps, SRE and ITOps teams monitor their infrastructure and quickly resolve issues across public, private and hybrid cloud environments, this new solution is now available to New Relic users.Ģ020. Today, the company is putting one of the last pieces of this project in place with the general availability of its new infrastructure monitoring experience. Last year, New Relic built on top of this - and its NRDB data storage system - with improved network monitoring, an ML model performance monitoring and error tracking tool and more. In 2020, New Relic launched its New Relic One platform, its attempt to bring together the many point solutions the company had built over the course of the years under a single umbrella. New Relic launches its new infrastructure monitoring experience
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