Rocketlane, a software-as-a-service (SaaS) firm, has secured $24 million in its Series B fundraising round, which was jointly led by 8VC, Matrix Partners India, and Nexus Venture Partners.
The additional funding will accelerate Rocketlane’s AI roadmap, focusing on the development of advanced features and capabilities to enhance project delivery.
Rocketlane has additionally declared the selection of Rao Adavikolanu as the Chief Marketing Officer (CMO). Rao’s proficiency will play a crucial role in enhancing the firm’s market visibility and strategic endeavors. Formerly, he held the position of Chief Marketing Officer at Pilot.com, a company situated in San Francisco.
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In January 2022, Rocketlane secured $18 million in Series A funding, following a $3 million investment in a seed round in June 2021.
Rocketlane provides a specialized and integrated workplace for effectively interacting with customers on onboarding programs. It aids businesses in reducing the time it takes to achieve value, simplifying their software implementation, and offering immediate visibility.
In addition to India, it has established itself in the United States and Europe. Rocketlane presently has a customer base of 500 individuals that pay for their services worldwide, with the United States accounting for 30% of the company’s overall revenue.
About Rocketlane
Founded in 2020 by Srikrishnan Ganesan, Rocketlane is a purpose-built customer onboarding and PSA platform that accelerates time-to-value and improves project profitability and predictability.Â
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