Rocketlane bets on AI delivery gains

Rocketlane has raised $60 million in a Series C round led by Insight Partners, as the software company moves to expand an AI-driven platform aimed at professional services teams that are increasingly being asked to turn enterprise AI spending into measurable operating results. The funding, announced on March 25, takes the company’s total capital raised to $105 million and comes as more corporate buyers shift attention from AI pilots to deployment, integration and business outcomes.

The company said the new money will be used to deepen development of Nitro, its agentic execution platform, expand enterprise go-to-market efforts and scale operations globally. Rocketlane said it more than doubled revenue over the past year, lifted average deal size by 4.5 times from 2023 levels and opened offices in London, New York and San Francisco, underscoring a push beyond its Chennai roots into larger international enterprise accounts.

Rocketlane operates in the professional services automation market, a segment that has gained traction as software vendors, consultancies and customer-facing delivery teams look for ways to manage implementation work more efficiently. Traditional tools in this category have focused on project planning, staffing and financial oversight. Rocketlane is arguing that the next stage of the market will be shaped by software that does not merely track work, but helps execute it.

That distinction sits at the centre of Rocketlane’s pitch. Earlier in March, the company launched Nitro, which it describes as an agentic AI platform designed to embed software agents into delivery workflows. Rocketlane says the product can help handle repeatable billable tasks such as migrations, documentation, configurations and testing, while identifying risks earlier and rebalancing resources in real time. The company has said early deployments indicate the platform can cut delivery effort by as much as 50 per cent, though such performance claims will need broader validation as adoption scales.

The timing of the raise reflects a wider shift in enterprise technology spending. Businesses have poured money into AI infrastructure, software and experimentation, but many still face a gap between technical promise and operational payoff. Gartner said worldwide IT spending is projected to reach $6.15 trillion in 2026, while Rocketlane has pointed to IT services spending approaching $1.9 trillion, highlighting the scale of consulting, integration and implementation work surrounding major technology roll-outs. For companies selling AI tools, that means professional services teams are becoming more central to whether contracts turn into lasting revenue and usable systems.

Srikrishnan Ganesan, Rocketlane’s co-founder and chief executive, has framed the change as a move away from the old software model of product-led growth towards what he calls services-led growth, particularly in AI deployments where human intervention remains critical. That view is shared by investors backing the round. Insight Partners has said professional services teams are now essential engines of enterprise software because they turn signed deals into business outcomes, and that Rocketlane’s platform is built to help those teams increase output without matching increases in headcount.

Rocketlane said it now serves more than 750 customers globally, including 17 companies on the Forbes Cloud 100 list, with customers such as Intercom, Glean and Notion. That customer roster, if sustained, suggests the company has managed to win business from fast-growing software groups that face exactly the onboarding, implementation and customer expansion pressures Rocketlane is targeting. It also gives Insight a clearer case for backing the company at a time when investors are becoming more selective about enterprise AI bets and increasingly favouring products tied to revenue delivery rather than broad claims of automation.

The company’s funding path also shows steady investor support. Rocketlane raised $24 million in a Series B round in June 2024, following an earlier Series A, and had said that financing would help it build a stronger post-sales software platform for professional services teams. The new round marks a sharper turn towards execution-focused AI and a consumption-oriented model around agent-led work, extending the company’s position from onboarding and project visibility into workflow completion.