New Relic is a San Francisco-based, AI-powered observability platform that gives engineering teams a single place to see everything running in their software - from application code and infrastructure to logs, user experience, and AI models. Founded in 2008 by Lew Cirne, it helped popularize application performance monitoring (APM) and later coined much of the modern 'observability' category. After going public in 2014 and being taken private in a $6.5 billion deal in 2023, New Relic now serves thousands of companies with usage-based, consumption pricing and a strong bet on AI and agentic observability.
Observe is an AI-powered observability platform that unifies logs, metrics, and traces into a single streaming data lake built on Snowflake. The company helps enterprises troubleshoot distributed applications 3x faster at one-third the cost of traditional monitoring tools. Founded in 2017 by veterans from Splunk, Wavefront, and Snowflake, Observe was acquired by Snowflake in January 2026 for approximately $1 billion after raising over $665 million in funding.