Chennai-based professional services automation platform Rocketlane has raised $60 million in its Series C round led by Insight Partners, taking its total funding to $105 million.
The company had previously raised $24 million in a Series B round in June 2024, co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. Prior to that, it secured $18 million in its Series A round in January 2022, led by 8VC with participation from Matrix Partners India and Nexus Venture Partners.
Rocketlane plans to deploy the fresh capital to enhance Nitro's execution agents, strengthen enterprise go-to-market efforts, and expand its global footprint.
Led by Srikrishnan Ganesan, Rocketlane focuses on helping enterprises manage project delivery, resource planning, and customer collaboration through a unified platform. Its newer push into AI-led execution comes as enterprises shift from experimentation to outcome-driven adoption of AI tools.
The company currently serves over 750 customers globally, including several companies from the Forbes Cloud 100 list such as Intercom, Glean, and Notion.
The fundraise comes amid strong growth, with Rocketlane reporting more than a twofold increase in revenue over the past year. The company has also expanded its enterprise presence and opened offices in London, New York, and San Francisco. It recently launched Nitro, an AI-driven execution platform aimed at improving delivery workflows for professional services teams.