Rocketlane Series C $60M
Rocketlane raised $60M in a Series C to fuel its onboarding and professional‑services SaaS momentum — the funding round was announced with a viral rap‑style video. The raise underscores investor demand for tools that shorten time‑to‑value in customer implementation workflows. (x.com)
Insight Partners served as the lead investor on the deal, a move that brought Rocketlane’s total capital raised to about $105 million. (prnewswire.com) Rocketlane says its revenue more than doubled over the past year, while average deal size has risen roughly 4.5× since 2023, indicating an up‑market shift. (prnewswire.com) The company recently launched Nitro, billed as an “agentic execution” platform that embeds AI agents directly into delivery workflows to perform repeatable billable tasks such as migrations, configurations, documentation and testing. (prnewswire.com) Rocketlane claims early Nitro deployments can cut service‑delivery effort by up to 50% and surface project risks weeks earlier, enabling teams to increase capacity without proportional headcount growth. (prnewswire.com) Leadership says the new funding will accelerate Nitro R&D, expand enterprise go‑to‑market efforts and fund hiring across the US, UK and India, and global law firm Willkie served as legal counsel to the lead investor on the transaction. (prnewswire.com) The business was founded in April 2020 by Srikrishnan Ganesan, Vignesh Girishankar and Deepak Bala, and its most recent prior raise was a $24 million Series B in 2024 co‑led by 8VC, Matrix Partners India and Nexus Venture Partners. (prnewswire.com) Rocketlane has a history of rap‑style marketing around funding milestones — its 2024 round was announced with a rap music video — and the company posted a celebratory video for the latest milestone on its YouTube channel. (cnbctv18.com)
