LambdaTest Secures $38 Million to Transform Quality Assurance with AI Innovation

LambdaTest Secures $38 Million Funding to Revolutionize QA

LambdaTest, the prominent cloud-based unified testing platform, has recently closed a significant funding round totaling $38 million, spearheaded by Avataar Ventures with contributions from Qualcomm Ventures. This investment elevates LambdaTest’s total funding to an impressive $108 million, paving the way for ambitious advancements in software quality assurance (QA).

The funds will primarily be directed towards the development of "KaneAI," a cutting-edge AI Native QA Agent-as-a-Service. This innovative platform aims to transform the landscape of software quality assurance by utilizing AI-driven insights, an expansive testing cloud, and advanced automation through its HyperExecute solution.

With an impressive client base of over 15,000, including Fortune 500 and Global 2000 companies, LambdaTest has firmly established itself as a leader in the QA domain. The introduction of KaneAI is set to automate many aspects of the QA process, drastically reducing the manual effort required for test script generation by up to 70%. Additionally, HyperExecute allows testing to be completed up to 70% faster than traditional cloud grid solutions, improving bug detection by 60% and enhancing overall efficiency.

As software development cycles continue to accelerate and become increasingly complex, the need for streamlined and effective QA processes has never been more pressing. LambdaTest has witnessed substantial growth, reporting an annual increase of approximately 105%. Today, over 2.3 million developers and testers rely on LambdaTest to efficiently deliver high-quality software at speed, having conducted over 1.2 billion tests to date.

Asad Khan, the CEO and Co-founder of LambdaTest, remarked: "KaneAI is more than just a tool; it's a transformative approach to quality assurance that empowers teams to test smarter and faster with reduced manual effort. Our cloud-based platform gives us a significant advantage in delivering this solution at scale, and we are grateful for the support from Avataar Ventures and Qualcomm Ventures in reshaping the future of quality assurance."

Nishant Rao, Founding Partner at Avataar, praised the team at LambdaTest, stating, "They have disrupted the entire market in a short time. From creating the first AI-native, no-code QA solution to launching a comprehensive test orchestration platform, they have fundamentally shifted the paradigm and provided a critical solution amidst a digital transformation across all sectors."

Quinn Li, Senior Vice President at Qualcomm Ventures, highlighted the importance of AI-powered testing solutions, emphasizing, "In a world where cloud and device-based AI applications are increasingly used, ongoing testing powered by AI-driven automation is essential to accelerate release cycles and enhance CI/CD pipeline efficiency."

LambdaTest's model of combining innovative technology with forward-thinking strategies positions it at the forefront of QA solutions, addressing the growing demand for efficient quality assurance in an evolving market. Since its founding in 2017, the company has attracted nearly $70 million in prior funding from esteemed investors including Premji Invest, Sequoia Capital India, and Blume Ventures.

About LambdaTest

LambdaTest is an intelligent, cross-platform software quality assurance platform that enables businesses to shorten their time to market through AI-powered testing solutions. Trusted by over 15,000 clients in more than 130 countries, the platform supports manual and automated testing across numerous browsers and operating systems, enhancing the testing experience for developers everywhere.

For more details, please visit LambdaTest.