Chennai: Software-as-a-service startup Rocketlane has raised $60 million in Series C funding and aims to accelerate AI agent development, expand into new markets, and scale its business. The company, which offers professional services automation, helps firms that sell and implement AI products for enterprises, including tech services companies. It said AI adoption among key customer segments is driving demand for its product. “Implementing AI and driving adoption and outcomes in the enterprise has turned out to be harder, leading to a shift from product-led to services-led growth. Services teams and existing offerings require tools for compliance, revenue recognition, and scaling operations,” said Srikrishnan Ganesan, chief executive and co-founder of Chennai- and US-based Rocketlane. The startup has recently launched an AI agent to operate directly within delivery workflows and execute repeatable billable tasks such as migrations, configurations, documentation, and testing, which is currently done manually, according to the company. It’s betting its next leg of growth from this. The increasing volume and reliance on services teams to operationalise AI and technology investments have led to growth in our platform, he said. The company said its revenue more than doubled in the last year. It said deal size has increased 4.5X since 2023. Last year, it expanded its operations, including opening new hubs in London, New York, and San Francisco. The current round is led by New York-based Insight Partners. It has so far raised $105 million after a $24 million Series B round in 2024. “Professional services teams are crucial engines of enterprise software. Rocketlane’s AI-first platform enables professional services teams to scale their impact without scaling headcount,” said Apoorva Goyal, principal at Insight Partners.
