Lambdatest Funding: LambdaTest raises $45 million in venture round led by Premji Invest

Bangalore: US-based app and browser testing platform Lambdatest on Tuesday raised $45 million in a venture round led by Premji Invest, the company said in a statement.

The round also saw participation from existing investors Sequoia Capital India, Telstra Ventures, Bloom Ventures and Leo Capital. Sandeep Johri, former chief executive of software testing platform Tricentis, also invested in this round.

The company will use the proceeds for product innovation and enhancing the capabilities of the existing product portfolio. Lambdatest is also looking to work across multiple roles and geographies.

Lambdatest previously raised a total of $25 million in funding from investment firms such as Sequoia Capital India, Telstra Ventures, Leo Capital Holdings, Bloom Ventures and others.

Founded in 2017, LambdaTest allows users to run both manual and automated testing of web and mobile apps in over 3,000 different browsers, browser versions, and operating system environments.

The company currently has six different product lines which include Cross-Browser Manual, Cross-Browser Automation, Native App Testing, Real Device Testing, Visual Testing, Hypertest and Test at Scale (TAS).

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Hypertest, its most recent launch, provides a next-generation smart testing platform to help businesses run end-to-end tests at the fastest speeds possible.

“We will soon launch our test intelligence platform Test-at-Scale (TAS). It is already in beta. Asad Khan, Co-Founder, Lambdatest, said, “We are continuously enhancing the capabilities of our core execution platform.

The company claims that since its inception, it has done more than 100 million tests on its platform.

“This round of funding will enable us to accelerate innovation and growth. We are on a mission to create the best test execution platform for the developer and tester community,” Khan said.

In June of last year, Web, mobile and cross-browser testing platform, BrowserStack also raised $200 million, led by Silicon Valley investor Mary Meeker’s Bond Capital, valuing the company at $4 billion.

Later in August, application programming interface (API) testing and collaboration tool Postman raised $225 million in a new funding round led by existing investor Insight Partners, valuing the startup at $5.6 billion.

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