Funding · Enterprise Software & IT
Rocketlane raises $60m in series c funding led by insight partners
By Startup Enthusiast ·
- 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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