Rocketlane, a professional service automation (PSA) and customer onboarding platform, has raised $60 million in its Series C funding round to bolster its agentic AI platform Nitro. The funding, led by Insight Partners, will support the development of Nitro’s execution AI agents and the company’s global expansion efforts.
Founded in 2020 by former Freshworks executives, Rocketlane introduced Nitro to utilize AI agents for risk detection and automation of tasks like migrations, configurations, and testing. Early results indicate a potential 50% reduction in delivery effort and improved risk management.
Rocketlane’s CEO Srikrishnan Ganesan stated, ‘Our goal is to empower teams with the efficiency needed to thrive in the Outcome Era, where AI’s success is measured by completed work, risk mitigation, and revenue protection.’
With the recent funding, Rocketlane aims to further enhance Nitro’s capabilities and cater to a broader market, focusing on enabling enterprises to streamline collaboration among employees, projects, and finances.
Source: Inc42 Media