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

Bengaluru: 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, Blume 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 to enhance product innovation and capabilities of the existing product portfolio. LambdaTest is also looking to hire 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, Blume Ventures, and others.

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

The company presently has six different product lines including – cross-browser manual, cross-browser automation, native app testing, real device testing, visual testing, HyperTest, and Test at Scale (TAS).

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

“We will soon be launching our test intelligence platform Test-at-Scale (TAS). It is already in beta. We are also continuously enhancing our core execution platform’s capabilities,” said Asad Khan, cofounder, LambdaTest.

The company claims to have run more than 100 million tests on its platform since inception.

“This funding round will enable us to keep innovating and accelerating growth. We are on a mission to build the best test execution platform for the developer and tester community,” Khan said.

In June last year, web, mobile and cross-browser testing platform, BrowserStack also raised $200 million, led by storied 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.