Netlify has released several notable updates in February 2022, including enhancements to its Graph feature, which enables teams to develop web apps with APIs more efficiently. The company also introduced a new integration with New Relic for improved observability and added support for Log Drains on S3. Additionally, Netlify has expanded its Command Palette, made Scheduled Functions available in beta, and increased log retention for Pro, Business, and Enterprise plans. These updates aim to make it easier for developers to build and manage their web applications with Netlify.