Rocketlane announced a Series C round of financing worth $60 million, led by Insight Partners. The company’s total funding stands at $105 million. Rocketlane is focusing on boosting innovation in AI-powered professional services automation. The funding came after the company experienced a period of strong growth which was reflected in the doubling of its revenues, the worldwide expansion program, and launch of Nitro – a platform that supports agentic execution and allows AI to be deeply integrated into the service delivery workflows. As companies convert to an outcome-led AI era, Rocketlane fills the gap that exists between planning and execution by automating the most time-consuming delivery tasks like configuration, testing, and documentation. Teams will be able to increase their output without adding extra personnel.
Also Read: Fundrise Innovation Fund Backs Erebor Bank to Support Tech Industry Financing Needs
“Professional services teams are crucial engines of enterprise software and help turn signed contracts into real business outcomes. Rocketlane’s AI-first platform enables professional services teams to scale their impact without scaling headcount,” said Apoorva Goyal. “Five years ago, SaaS was optimizing for product-led growth,” said Srikrishnan Ganesan. “But implementing AI and driving adoption and outcomes in the enterprise has turned out to be harder, leading to buzz around ‘Services Led Growth’, with professional services teams, Forward Deployed Engineers and Agent PMs becoming the new heroes. With Nitro, our goal is to give these heroes the superpowers they need to execute their work with radical efficiency and succeed in the Outcome Era, where AI is judged by work completed, risk avoided, and revenue protected.”
