SaaS start-up Rocketlane raises $24 million in Series B funding

Chennai and US-based B2B SaaS (Software-as-a-Services) firm Rocketlane has raised $24 million in a Series B funding round. The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, bringing the total funds raised to $45 million.

The new funding is expected to be used in execution of their AI roadmap and help Rocketlane in development of advanced product capabilities to make the area of client project delivery more competitive.