PE Fund Investments
Software testing tool LambdaTest raises $38-M led by Avataar, Qualcomm
Noida- and San Francisco-based LambdaTest , a cloud-based test orchestration platform, has raised USD 38 million in a funding round led by Avataar Ventures and Qualcomm Ventures. The proceeds will be used to enhance its QA solutions, including its newly launched “AI Native QA Agent-as-a-Service” platform, KaneAI.Founded in 2017 by Asad Khan, the startup offers quality assurance (QA) through automation and AI. LambdaTest boasts a customer base of over 15,000 and claims to have executed more than 1.2 billion tests to date. KaneAI is designed to reduce manual testing efforts by up to 70% by automating test script generation and providing actionable insights.
Between Dec 2018 and Mar 2022, LambdaTest had raised about USD 70 M from Blume Ventures, Leo Capital, Peak XV Partners, PremjiInvest, Telstra Ventures and Wamda Capital.
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