LambdaTest, a cloud-based browser testing startup, has raised $38 million (approximately INR 322.4 crore) in a funding round led by Avataar Venture Partners, with Qualcomm Ventures also participating. This latest investment brings the company’s total funding to $108 million. The funds will be utilized to enhance LambdaTest’s application testing infrastructure, which is aimed at helping brands strengthen their digital presence and improve performance.
Khan and Jay Singh founded LambdaTest in 2017. The startup is focused on testing infrastructure. It enables developers to efficiently test websites and apps across various browsers and operating systems. This platform helps improve the testing process, ensuring seamless compatibility and performance across multiple environments.
“We plan to use this funding to advance our products, KaneAI – which is our AI Native QA (Quality Assurance) agent as a Service, Test Cloud, and advanced HyperExecuteautomation,” the company spokesperson said.
“KaneAI is more than a tool—it’s a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort,” said Asad Khan, CEO and co-founder of LambdaTest.
Khan said of securing investment, “We are thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reshape the future of QA.”
LambdaTest allows users to run both manual and automated tests on over 5000 browsers, real devices, and OS environments for web and mobile apps. The platform serves over 10,000 enterprise customers and boasts over 2 million users across 132 countries. In 2022, the startup secured $45 million in strategic investment led by Premji Invest. It has attracted notable investors, including Sequoia Capital, Blume Ventures, Leo Capital, and Entree Capital.
LambdaTest has experienced a remarkable 105% year-over-year growth, serving over 2.3 million developers and testers globally. India’s revenue rose by 53.6%, reaching Rs 175.44 crore in FY24, up from Rs 114.22 crore in the previous year. The company’s profit stood at approximately Rs 18 crore. However, LambdaTest has not disclosed its global financial figures. This growth reflects the platform’s increasing demand among professionals for reliable testing solutions across various environments.
BrowserStack, Perfecto, and Testsigma are some of LambdaTest’s direct or indirect competitors.
