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Enterprise Software - Friday, May 2, 2008

Ruby's New Relic Raises $3.5M in First Round

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Menlo Park's New Relic has raised $3.5M in 1st round venture financing from Benchmark Capitall. New Relic is in beta but sells a subscription-based Rails performance management solution that enables developers to detect, diagnose and fix application performance bugs.

New Relic was founded by Lewis Cirne, who was a an Entrepreneur in Residence at Benchmark Capital. He got that role as he founded Wily Technology in 1998 and was its CEO for the first four years.

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ThumbBehavioral Ad Network JellyCloud Raises $11.5M

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ThumbAsk.com Picks Up Dictionary.com After It Was Jilted By Answers.com

Thursday May 15, 2008

Ask.com is buying Dictionary.com parent Lexico (which also owns Thesaurus.com. If it sounds like this is a repeat of an old post that's because Answers.com had announced it would pay $100M for Lexico last year, before that deal went south with Answers' financing. The NY Times reports that Ask.com will also pay about $100M. Ask.com says that buying Lexico will expand its audience by 11% thanks to 145M unique monthly users. An eye-popping number is that Lexico currently only has 20 employees. Wow. View - site...

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