LambdaTest Funding: LambdaTest Raises $45 Million in Funding Round Led by Premji Invest

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Bengaluru: US app and browser testing platform LambdaTest raised $45 million on Tuesday in a funding round led by Premji Invest, the company said in a statement.

The round also saw participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures and Leo Capital. Sandeep Johri, former managing director of software testing platform Tricentis, has also invested in this round.

The company will use the proceeds to enhance product innovation and capabilities of the existing product portfolio. LambdaTest is also looking to hire in multiple roles and geographies.

LambdaTest has previously raised a total of $25 million in funding from investment firms such as Sequoia Capital India, Telstra Ventures, Leo Capital Holdings, Blume Ventures and others.

Founded in 2017, LambdaTest enables users to run manual and automated testing of web and mobile applications on over 3,000 different browsers, browser versions, and operating system environments.

The company currently offers six different product lines, including Cross-Browser Manual, Cross-Browser Automation, Native App Testing, Real Device Testing, Visual Testing, HyperTest, and Scale Testing. (TAS).

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HyperTest, its most recent launch, provides a next-generation intelligent testing platform to help organizations run end-to-end testing at the fastest speed possible.

“We will soon launch our Test-at-Scale (TAS) test intelligence platform. It is already in beta. We are also continuously improving the capabilities of our core runtime platform,” said Asad Khan, co-founder of LambdaTest.

The company claims to have performed more than 100 million tests on its platform since its inception.

“This fundraising will allow us to continue to innovate and accelerate growth. We are on a mission to create the best test execution platform for the developer and tester community,” said Khan.

In June last year, web, mobile and cross-browser testing platform BrowserStack also raised $200 million, led by Silicon Valley investor Mary Meeker’s Bond Capital, valuing the company at 4 billions of dollars.

Later in August, application programming interface (API) testing and collaboration tool Postman raised $225 million in a new funding round led by existing investor Insight Partners, valuing the $5.6 billion startup.

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