LambdaTest, a San Francisco, CA-based provider of a cloud-based unified testing platform, raised $38M in funding.
The round, which brought the total amount to $108M, was led by Avataar Ventures, with participation from Qualcomm Ventures.
The company intends to use the funds to expand its operations and development efforts.
Led by CEO Asad Khan, LambdaTest is an intelligent and omnichannel software quality assurance platform that enables businesses to accelerate time to market through AI-powered cloud-based test authoring, orchestration, and execution. Over 15,000+ customers and 2.3 million+ users across 130+ countries rely on it for their testing needs.
Its latest innovations include KaneAI, an AI-driven QA automation Agent-as-a-Service, and AI native HyperExecute platform, which enables companies to test their digital assets with speed, precision, and scalability.
Founded in 2017, LambdaTest has raised nearly $70 million from top investors in previous funding rounds, including Premji Invest, Sequoia Capital India, Titanium Ventures, Leo Capital Holdings, and Blume Ventures.
FinSMEs
10/12/2024