Rocketlane Raises $60 Million Series C to Redefine Professional Services for the AI Era

Rocketlane, an AI-powered Professional Services Automation (PSA) company, has raised $60 million in Series C funding, marking a significant milestone in its mission to redefine professional services for the AI era. The funding, led by global software investor Insight Partners, brings the company's total capital raised to $105 million. This latest round of investment follows a year of strong momentum for Rocketlane, during which the company more than doubled its revenue, expanded its enterprise footprint, and opened new offices in London, New York, and San Francisco.

The success of Rocketlane is closely tied to the shift in enterprises from AI experimentation to agentic execution and measurable business outcomes. As companies move into what is being referred to as "The Outcome Era," AI is no longer just about pilot projects but about delivering tangible results and return on investment (ROI). This shift has created a growing demand for tools and services that can operationalize AI effectively and efficiently.

Rocketlane's flagship product, Nitro, is designed to address this need by providing the industry's first agentic execution platform for professional services teams. Nitro helps services teams increase their capacity and consistency without requiring a proportional increase in headcount. The platform is integrated directly into the delivery workflows of professional services teams and Forward Deployed Engineering teams, which are crucial for deploying and operationalizing enterprise AI.

The growing reliance on services teams to operationalize AI and technology investments is reflected in the global spending on IT services, including consulting, implementation, and integration, which is projected to approach $1.9 trillion according to Gartner. Traditional PSA tools have primarily focused on planning, staffing, and financial oversight, leaving much of the actual delivery work—such as configuration, integrations, documentation, and testing—reliant on manual effort. Rocketlane's execution agents are designed to fill this gap by automating these manual processes and enabling services teams to deliver more value with greater efficiency.

Rocketlane's recent expansion into new markets and the launch of Nitro have contributed to a significant increase in average deal size, which has grown 4.5 times since 2023. This growth underscores the company's ability to adapt to the evolving needs of enterprises in the AI era and position it as a leader in the professional services automation space.

The $60 million Series C funding will be used to further scale Rocketlane's operations, enhance its product offerings, and expand its global presence. With the growing importance of AI in delivering measurable business outcomes, Rocketlane's mission to redefine professional services through AI-powered automation is more relevant than ever. As enterprises continue to prioritize operational impact and ROI, Rocketlane's solutions are poised to play a pivotal role in shaping the future of professional services in the AI-driven landscape.