Rocketlane announced that it has raised $24 million in a Series B funding round as it expands the opportunity for professional services teams with AI functionalities. This series B funding round was co-led by Nexus Venture Partners, Matrix Partners India, and 8VC. The total funds of the company sum up to $45 million.
Rocketlane offers an AI-powered platform for professional services teams to deliver the promise of sales and eliminate siloed project management and inefficiencies. Rocketlane has expanded its proposition from assisting customer onboarding to helping professional services teams with their requirements. The majority of the teams handle their processes, leveraging a manual patchwork of siloed PSA tools or spreadsheets. It might result in project delays and have an impact on profitability. Rocketlane offers professional services teams better visibility into each aspect of the project, including stakeholders involved, pending/finished tasks, progress accomplished, and delayed items, allowing teams to focus on tasks that require their attention while drafting an avenue for seamless communication with clients.