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Funding · Enterprise Software & IT

Rocketlane raises $60m in series c funding led by insight partners

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Date
Company
Rocketlane
What it does
AI professional services automation platform
Kind
Funding
Amount
$60M
Stage
Series C
Founded
2020
Sector
Enterprise Software & IT

What they do

Rocketlane builds AI tools for managing professional services and customer onboarding

What happened

The company raised $60 million in a Series C round led by Insight Partners

Why it matters

Revenue doubled recently as the firm expands its agentic execution platform globally

The details

  • Rocketlane has closed a $60 million Series C funding round.
  • Insight Partners served as the lead investor in this latest financing event.
  • This investment brings the company's total capital raised to $105 million.
  • Founder Srikrishnan Ganesan leads the company alongside co-founders Vignesh Girishankar and Deepak Bala.
  • The funds will accelerate development of its new Nitro platform and global expansion.
  • Rocketlane serves over 750 customers including major names like Notion and Intercom.
  • Recent metrics show revenue doubling and average deal sizes increasing 4.5 times since 2023.

The bigger picture

  • The market is shifting from pilot AI projects to an Outcome Era of execution.
  • Global IT services spending is nearing $1.9 trillion according to recent data.
  • Services-led growth is seeing a resurgence over traditional product-led growth models.
  • The AI project management market is projected to reach $14.14 billion by 2030.

About the business

  • Rocketlane provides an AI-first Professional Services Automation (PSA) platform.
  • It helps companies manage customer onboarding and complex service delivery workflows.
  • The newly launched Nitro platform deploys AI agents for risk detection and task execution.
  • These agents handle migrations configurations documentation and testing automatically.
  • Rocketlane claims Nitro can reduce delivery effort by up to 50 percent.
  • The company competes with established players like Oracle Mavenlink Asana Zoho Projects and Wrike.
  • It maintains offices in London New York and San Francisco to support global operations.
  • Seventeen Forbes Cloud 100 companies are currently using Rocketlane's solutions.

What happens next

  • The company plans to scale its global go-to-market strategy using the new funds.
  • Rocketlane intends to accelerate the development of its Nitro agentic execution platform.

The deal

Type
Series C

Investors

  • Insight Partners (lead) — A global software investor with over 25 portfolio companies using Rocketlane.

Founders

  • Srikrishnan Ganesan, CEO and Co-founder
  • Vignesh Girishankar, Co-founder
  • Deepak Bala, Co-founder

About Rocketlane

Product
based professional services automation platform

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