Acquisitions / Software

IOpipe has been acquired by West Coast-based New Relic

The startup, founded in 2016, is moving its technology and staffers to the cloud-based observability platform company. Cofounder Erica Windisch will remain based in Philadelphia.

IOPipe cofounder and CTO Erica Windisch. (Video by YouTube user SiliconANGLE, used under a Creative Commons license)

Cloud-focused company IOPipe, which provides tools for devs to building the next generation of serverless computers, announced this month that it had been acquired by West Coast-based New Relic.

Cofounders Erica Windisch and Adam Johnson penned a blog post about the deal on Nov. 1, when it became official, saying it “enables our team to bring our domain expertise and passion for helping serverless developers into a broader set of organizations whose applications span traditional servers, virtual machines, containers, and of course, serverless.”

Windisch and Johnson started IOpipe in 2016, and raised $2.5 million in 2017. Over a few years, IOpipe became a team of eight who worked across a few American cities: “We’re actually a fully distributed team with cofounders in Philly and Seattle,” Windisch told after that raise when TechCrunch called the company Seattle based.

Now, she said, the majority of the team will join New Relic, a cloud-based observability platform company, at its engineering headquarters in Portland. Windisch — a 2019 Awards nominee for CTO of the Year — will be sticking around Philadelphia.

The deal “also provides the opportunity to take the best existing features of IOpipe and join forces with the team currently building New Relic Serverless to provide a whole new set of features identified as a top priority by both our users and the great organizations already using New Relic,” the cofounders wrote.

“We’re thrilled to bring the IOpipe team and their deep subject matter expertise to New Relic,” Ken Gavranovic, an EVP at New Relic, wrote in a blog post. “Since launching their product in 2016, IOpipe has worked with global companies like Rackspace, Matson, the Argo Group and APM Music to offer better visibility into serverless software architecture.”

Neither company disclosed the financial details of the deal.


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