Overview
- Rocketlane, which announced the Series C on Wednesday, closed a $60 million round led by Insight Partners and said its total funding now stands at $105 million.
- The company said it will use the money to speed work on Nitro, push deeper into enterprise sales, and grow its operations across more markets.
- Nitro is an agentic AI platform that sends software agents to spot risks and automate migrations, configurations, testing, and documentation, which Rocketlane says has cut delivery effort by up to 50% in early deployments.
- Rocketlane reports more than 750 customers, including 17 on the Forbes Cloud 100 list, and says revenue doubled over the past year as it expanded in London, New York, and San Francisco.
- Insight Partners said the AI-first approach helps services teams increase output without adding staff, reflecting a PSA market that Grand View Research estimates could exceed $40 billion by 2033.