LambdaTest, the leading cloud-based unified testing platform, has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding to $108 million. With this funding, LambdaTest plans to advance KaneAI, launching AI Native QA Agent-as-a-Service to transform software QA with AI-driven insights, scalable Test Cloud, and advanced HyperExecute automation.
LambdaTest has 15,000+ customers, including Fortune 500 and G2000 companies. Its latest products launched include KaneAI, an AI-driven QA automation Agent-as-a-Service, and AI native HyperExecute platform, which claims to enable companies to test their digital assets with speed, precision, and scalability. HyperExecute, LambdaTest’s AI Native unified test execution and orchestration cloud, claims to enable teams to run tests upto 70% faster than any cloud grid by running tests intelligently across multiple environments, enabling 2.5x faster test resolution and 60% quicker error detection. Its latest product KaneAI claims to help reduce manual efforts in test script generation, reducing it by 40-70%.
With a YoY growth of about 105%, LambdaTest has 2.3 million+ developers and testers worldwide, who rely on it to test intelligently, accelerate releases, and ship quality software with confidence and have executed more than 1.2 billion tests till date.
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.
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