U.S-based application and cloud-based test orchestration startup LambdaTest raised USD 45 million on March 29, 2022. Premji Invest led the venture round for the startup.
Besides, the round saw participation from existing investors such as Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital. Sandeep Johri, former chief executive of software testing platform Tricentis, also participated in the funding.
Purpose of Funding for LambdaTest
The proceeds from the latest funding will enable LamdaTest to enhance product innovation. With the fresh capital, they aim to bolster the capabilities of the existing product portfolio and focus on rampant growth.
LambdaTest is also looking to hire across multiple roles and geographies.
Previously the startup raised a total of USD 25 million in funding from investment firms such as Sequoia Capital India, Telstra Ventures, Leo Capital Holdings, Blume Ventures, and others.
What the officials at LambdaTest have to say
“We are razor focussed on making the lives of developers and QA teams easier when it comes to testing orchestration and execution. Over the past few months, we’ve released HyperExecute, a next-gen smart test orchestration platform to help businesses run end-to-end automation tests at the fastest speed possible. We will soon be launching our test intelligence platform, Test-at-Scale (TAS). It is already in beta. We are also continuously enhancing our core execution platform’s capabilities,” said Asad Khan, chief executive officer at LambdaTest.
He further added, “This funding round will enable us to keep innovating and accelerating growth. We are on a mission to build the best test execution platform for the developers and testers community.”
What the investor has to say
“LambdaTest is helping businesses orchestrate their test execution by providing them cost-effective and scalable solutions while giving them improved control over their existing infrastructure without the need to add more to it. They are pushing the boundaries of speed, reliability and performance of test execution. We are happy to partner with this super ambitious LambdaTest team that is looking to change the face of test execution,” said Atul Gupta, Partner at Premji Invest.
About LambdaTest
Founded in 2017, LambdaTest allows users to run both manual and automated tests of web and mobile apps. It supports tests across more than 3,000 different browsers, browser versions, and operating system environments.
So far, the startup boasts six different product lines, including – cross-browser manual, cross-browser automation, native app testing, real device testing, visual testing, HyperTest, and Test at Scale (TAS).
Over 500 enterprises and a million developers and testers across 130 nations use LambdaTest’s platform.
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