New Delhi, March 25 -- Rocketlane, an artificial intelligence(AI)-powered professional services automation (PSA) platform, has raised $60 million in its Series C funding round led by US-based private equity firm Insight Partners.

The Chennai-based startup said it will use the fresh capital to accelerate development of Nitro, its agentic execution platform that helps professional services teams independently plan and complete tasks, and to grow its sales and outreach to larger enterprise clients.

The IT services industry has attracted venture capital and private equity investment due to its AI capabilities. They are bullish on AI, believing that the technology can perform the work of traditional IT firms faster, and with less reliance on...