Rocketlane, an AI-powered professional services automation platform, announced it has raised $60 million in Series C funding led by Insight Partners, bringing its total capital raised to $105 million.
The funding comes after a year of strong growth for the company, with revenue more than doubling as enterprises increasingly shift from experimenting with AI to deploying it for measurable business outcomes. Rocketlane expanded its enterprise footprint, opened new offices in London, New York, and San Francisco, and introduced Nitro, an agentic execution platform designed for professional services teams. The company also reported that its average deal size has increased 4.5 times since 2023.
The raise reflects broader industry trends as organizations move into what Rocketlane describes as the “Outcome Era,” where AI investments are evaluated based on tangible results rather than experimentation. According to industry projections, global spending on IT services, including consulting and integration, is expected to approach $1.9 trillion, highlighting the growing importance of professional services teams in operationalizing AI.
Rocketlane’s platform aims to address a gap in traditional professional services automation tools, which have historically focused on planning and tracking work. In contrast, Rocketlane is embedding AI directly into execution workflows. Its Nitro platform deploys AI agents that can identify risks early, rebalance resources in real time, and execute repeatable tasks such as migrations, configurations, documentation, and testing.
Early deployments of Nitro suggest the platform could reduce delivery effort by up to 50 percent while identifying risks weeks earlier, enabling services teams to increase capacity without adding proportional headcount.
The company now serves more than 750 customers globally, including 17 companies on the Forbes Cloud 100 list, including Intercom, Glean, and Notion.
Rocketlane plans to use the new capital to accelerate development of its execution agents, expand its enterprise go-to-market strategy, and scale globally as it positions itself at the forefront of next-generation services infrastructure.
KEY QUOTES”
“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. We’re proud to back a company that more than 25 of our portfolio companies already trust and whose customers include some of the most exciting and innovative AI-native companies.”
Apoorva Goyal, Principal at Insight Partners
“Five years ago, SaaS was optimizing for product-led growth. 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.”
“PSA was built to track work. The next generation of platforms will be built to execute it. That’s the shift and category we’re driving.”
Srikrishnan Ganesan, CEO and Co-founder of Rocketlane
