Rocketlane Lands $60 Million Series C for AI-Powered PSA Revolution
March 27, 2026, 9:38 am
Location: United States, New Jersey, Jersey City
Employees: 201-500
Founded date: 1917
Total raised: $200M
Location: United States, Illinois, Chicago
Employees: 501-1000
Founded date: 2011
Total raised: $175M
Rocketlane secured $60 million in Series C funding. Insight Partners led the round. Total capital now stands at $105 million. This funding fuels global expansion for its AI-powered Professional Services Automation platform. Rocketlane's Nitro platform drives execution, not just tracking. It helps enterprises operationalize AI investments, boosting efficiency. Global scaling, new offices, and enhanced AI agent development are key priorities. The company doubles revenue and boosts deal sizes. It serves over 750 global customers, including Forbes Cloud 100 firms. This signifies a major shift to outcome-driven AI adoption in a $1.9 trillion market.
Rocketlane recently announced its substantial Series C funding round. The company secured $60 million. Insight Partners spearheaded this investment. This brings Rocketlane's total capital raised to an impressive $105 million. The investment underscores strong market confidence. It highlights Rocketlane's position in the rapidly evolving enterprise software landscape. Previous funding included a $24 million Series B round in 2024. That round saw participation from 8VC, Matrix Partners India, and Nexus Venture Partners.
Rocketlane operates in the Professional Services Automation (PSA) sector. Its platform uses advanced artificial intelligence. The goal is simple: digitize customer onboarding and project delivery. Traditional PSA tools often fall short. They primarily focus on planning and tracking. Rocketlane offers a different approach. Its platform is built for execution. It helps businesses deliver predictable outcomes. It accelerates time-to-value. Project profitability improves significantly.
A cornerstone of Rocketlane’s innovation is its Nitro platform. Nitro is an AI agentic execution platform. It deploys intelligent AI agents. These agents can identify risks early. They rebalance resources in real-time. Nitro automates repeatable tasks. These include migrations, configurations, documentation, and testing. Early deployments show dramatic results. The platform can reduce delivery effort by up to 50 percent. It identifies critical risks weeks sooner. This empowers services teams. They increase capacity without proportional headcount growth. It marks a fundamental shift in service delivery paradigms.
The funding arrives amid a significant industry transformation. Enterprises are moving beyond AI experimentation. They demand measurable business outcomes. This is the "Outcome Era." Global spending on IT services is surging. Gartner projects nearly $1.9 trillion. This includes consulting, implementation, and integration. Services teams are now crucial. They operationalize enterprise AI and technology investments. Rocketlane addresses this critical need. Its AI-first platform closes a vital gap. It transforms contracts into tangible business results. Insight Partners recognizes this market dynamic. The firm sees professional services teams as engines of enterprise software. Rocketlane's AI platform boosts their impact. It avoids proportional headcount growth.
Rocketlane demonstrates robust business momentum. Revenue more than doubled over the past year. Its average deal size grew 4.5 times since 2023. The company serves over 750 customers worldwide. This includes 17 companies on the prestigious Forbes Cloud 100 list. Key clients like Intercom, Glean, and Notion leverage Rocketlane's solutions. The platform also supports enterprise software giants. Salesforce, SAP, and NetSuite utilize its capabilities. This broad adoption reflects market trust. It affirms the platform's value proposition.
The new capital has clear strategic deployment plans. Rocketlane will accelerate Nitro's development. It will enhance its AI execution agents. Expanding its enterprise go-to-market strategy is another priority. The company plans to scale its global footprint. Rocketlane has already established a strong international presence. It maintains offices in London, New York, and San Francisco. These locations support its worldwide customer base. The additional funds will strengthen these operations. They will drive further global penetration.
The company's founding team brings proven experience. Srikrishnan Ganesan serves as CEO and Co-founder. Vignesh Girishankar and Deepak Bala are also co-founders. They previously built Konotor. This mobile-first customer support system was acquired by Freshdesk (now Freshworks). This background provides a strong foundation. It underscores their expertise in customer-centric software development. Their vision targets a new generation of platforms. These platforms will not just track work, but actively execute it.
Rocketlane's innovation reshapes professional services. It offers a powerful tool for scaling impact. Organizations can achieve greater efficiency. They can manage complex projects with new agility. The company's pricing model reflects this evolution. Its core PSA platform follows a seat-based SaaS model. The AI layer moves to consumption-based pricing. Customers pay for actual AI usage. This aligns costs directly with outcomes. It fosters a more flexible and value-driven engagement. This strategic funding positions Rocketlane at the forefront. It drives the next wave of enterprise AI adoption. It defines the future of professional services infrastructure.
Rocketlane recently announced its substantial Series C funding round. The company secured $60 million. Insight Partners spearheaded this investment. This brings Rocketlane's total capital raised to an impressive $105 million. The investment underscores strong market confidence. It highlights Rocketlane's position in the rapidly evolving enterprise software landscape. Previous funding included a $24 million Series B round in 2024. That round saw participation from 8VC, Matrix Partners India, and Nexus Venture Partners.
Rocketlane operates in the Professional Services Automation (PSA) sector. Its platform uses advanced artificial intelligence. The goal is simple: digitize customer onboarding and project delivery. Traditional PSA tools often fall short. They primarily focus on planning and tracking. Rocketlane offers a different approach. Its platform is built for execution. It helps businesses deliver predictable outcomes. It accelerates time-to-value. Project profitability improves significantly.
A cornerstone of Rocketlane’s innovation is its Nitro platform. Nitro is an AI agentic execution platform. It deploys intelligent AI agents. These agents can identify risks early. They rebalance resources in real-time. Nitro automates repeatable tasks. These include migrations, configurations, documentation, and testing. Early deployments show dramatic results. The platform can reduce delivery effort by up to 50 percent. It identifies critical risks weeks sooner. This empowers services teams. They increase capacity without proportional headcount growth. It marks a fundamental shift in service delivery paradigms.
The funding arrives amid a significant industry transformation. Enterprises are moving beyond AI experimentation. They demand measurable business outcomes. This is the "Outcome Era." Global spending on IT services is surging. Gartner projects nearly $1.9 trillion. This includes consulting, implementation, and integration. Services teams are now crucial. They operationalize enterprise AI and technology investments. Rocketlane addresses this critical need. Its AI-first platform closes a vital gap. It transforms contracts into tangible business results. Insight Partners recognizes this market dynamic. The firm sees professional services teams as engines of enterprise software. Rocketlane's AI platform boosts their impact. It avoids proportional headcount growth.
Rocketlane demonstrates robust business momentum. Revenue more than doubled over the past year. Its average deal size grew 4.5 times since 2023. The company serves over 750 customers worldwide. This includes 17 companies on the prestigious Forbes Cloud 100 list. Key clients like Intercom, Glean, and Notion leverage Rocketlane's solutions. The platform also supports enterprise software giants. Salesforce, SAP, and NetSuite utilize its capabilities. This broad adoption reflects market trust. It affirms the platform's value proposition.
The new capital has clear strategic deployment plans. Rocketlane will accelerate Nitro's development. It will enhance its AI execution agents. Expanding its enterprise go-to-market strategy is another priority. The company plans to scale its global footprint. Rocketlane has already established a strong international presence. It maintains offices in London, New York, and San Francisco. These locations support its worldwide customer base. The additional funds will strengthen these operations. They will drive further global penetration.
The company's founding team brings proven experience. Srikrishnan Ganesan serves as CEO and Co-founder. Vignesh Girishankar and Deepak Bala are also co-founders. They previously built Konotor. This mobile-first customer support system was acquired by Freshdesk (now Freshworks). This background provides a strong foundation. It underscores their expertise in customer-centric software development. Their vision targets a new generation of platforms. These platforms will not just track work, but actively execute it.
Rocketlane's innovation reshapes professional services. It offers a powerful tool for scaling impact. Organizations can achieve greater efficiency. They can manage complex projects with new agility. The company's pricing model reflects this evolution. Its core PSA platform follows a seat-based SaaS model. The AI layer moves to consumption-based pricing. Customers pay for actual AI usage. This aligns costs directly with outcomes. It fosters a more flexible and value-driven engagement. This strategic funding positions Rocketlane at the forefront. It drives the next wave of enterprise AI adoption. It defines the future of professional services infrastructure.