LambdaTest Secures $38 Million Funding for Innovative AI-Driven Quality Control

LambdaTest Secures $38 Million Funding to Transform Quality Control

LambdaTest, a leading cloud-based unified testing platform, has successfully closed a $38 million funding round spearheaded by Avataar Ventures, with participation from Qualcomm Ventures. This investment elevates LambdaTest's total funding to $108 million and will play a crucial role in advancing its mission to democratize quality engineering while setting new industry standards for software quality in web and mobile applications.

With more than 15,000 clients, including Fortune 500 and G2000 companies, LambdaTest has established itself as a frontrunner in quality assurance. Among its latest innovations is KaneAI, an AI-driven QA agent available as a service, along with the AI-native HyperExecute platform that enables companies to test their digital assets with unmatched speed, accuracy, and scalability.

HyperExecute, LambdaTest's unified cloud execution and orchestration platform, allows teams to conduct testing up to 70% faster than conventional cloud networks by intelligently running tests across multiple environments. This technology significantly enhances test resolution rates, slashing error detection time by up to 60%. The KaneAI platform is designed to minimize manual testing efforts for script generation by an impressive 40% to 70%.

These Generative AI-driven innovations aim to fulfill the pressing need for optimized and efficient quality control processes as software development cycle times become increasingly rapid and complex. LambdaTest has witnessed an annual growth rate of approximately 105%, boasting a global community of over 2.3 million developers and testers who rely on it to facilitate intelligent testing, expedite releases, and confidently deliver quality software. With more than 1.2 billion tests executed to date, LambdaTest is rapidly becoming a vital solution for many businesses.

Asad Khan, CEO and co-founder of LambdaTest, emphasized, "KaneAI is not just a tool; it's a transformative approach to quality control that empowers teams to execute tests smarter and faster, requiring less manual input. Our cloud-based platform gives us the necessary edge to offer this solution at scale, and we are thrilled to have the backing of Avataar Ventures and Qualcomm Ventures as we redefine the future of quality control."

Nishant Rao, founding partner at Avataar, praised the rapid evolution of LambdaTest, stating, "Asad and his team have remarkably transformed the entire quality assurance landscape in a short time. They have introduced the first no-code, AI-native QA solution (KaneAI) and the only truly end-to-end enterprise-grade testing orchestration platform (HyperExecute). This innovative journey places LambdaTest in a strong position to deliver exceptional customer experiences while significantly reducing costs."

Quinn Li, senior vice president at Qualcomm Technologies, noted the increasing necessity of AI-powered automation in continuous testing environments. He added, "LambdaTest’s comprehensive product suite is reshaping software quality control with self-driving testing systems powered by AI. We are excited to support their journey forward."

The recent funding from Avataar Ventures and Qualcomm Ventures highlights the growing potential of AI-based tools in the quality assurance market. As organizations continue to adopt cloud solutions to optimize testing processes, LambdaTest’s all-encompassing approach positions it at the forefront of quality control innovation, solidifying its leadership in a rapidly evolving and expansive market.

Founded in 2017, LambdaTest has raised nearly $70 million from prominent investors in previous funding rounds, including Premji Invest, Sequoia Capital India, Titanium Ventures, Leo Capital Holdings, and Blume Ventures.

About LambdaTest

LambdaTest is a smart, omnichannel software quality assurance platform that enables businesses to speed up their time-to-market by developing, orchestrating, and executing cloud-based, AI-powered tests. With over 15,000 customers and more than 2.3 million users across 130+ countries, LambdaTest is trusted for all testing needs. The cross-browser and application testing cloud allows users to run both manual and automated tests on over 5,000 different browsers, real devices, and operating system environments. HyperExecute assists clients in executing and managing cloud test grids for any framework and programming language at ultrafast speeds to reduce quality testing time, helping developers create software faster.

For more information, visit LambdaTest.

About Avataar Ventures

Avataar is a growth-stage operational venture capital fund that actively collaborates with outstanding regional B2B and SaaS technology startups to reinvent, scale, and transform them into successful, lasting global enterprises. We believe in the promise of India and Southeast Asia becoming regions producing B2B products for the world. For more details, visit Avataar Ventures.

About Qualcomm Ventures

Qualcomm Ventures has been investing in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, our goal is to assist entrepreneurs in creating groundbreaking companies that reshape our environments. Learn more at Qualcomm Ventures.