AI startup Rocket in talks to raise $40-50 million: sources

If completed at the current terms, the round will mark a sharp re-rating for the company less than a year after it raised $15 million from Salesforce Ventures, Accel and Together Fund at a valuation of around $60 million. The new capital is expected to be used to deepen Rocket’s AI capabilities, expand product development and grow its global go-to-market presence, they said.