San Francisco-based LambdaTest, a cloud-based unified testing platform, has raised $38 million in its latest funding round, bringing its total investment to $108 million. LambdaTest was co-founded by Asad Khan and Jay Singh in 2017.
The round was led by Avataar Ventures, with participation from Qualcomm Ventures, among others. The funding will fuel the company’s efforts to revolutionise quality assurance (QA) through AI-driven solutions.
Founded in 2017, LambdaTest has raised nearly $70 million in previous rounds, attracting top investors, including Premji Invest, Sequoia Capital India, Titanium Ventures, Leo Capital Holdings, and Blume Ventures.
Recently, the startup unveiled an end-to-end AI Test Agent. KaneAI represents a different approach to software testing, enabling teams to author, debug, and evolve tests using natural language. It is also dubbed as an “AI Native QA Agent-as-a-Service.”
The platform supports popular tools such as Jira, Slack, GitHub Actions, and Microsoft Teams, making it an invaluable addition to any testing toolkit.
KaneAI
The newly launched KaneAI platform claims to leverage AI to automate QA processes and reduce manual test script generation by up to 70%. It addresses the increasing complexity of software development, where faster release cycles and rigorous testing demands require innovative approaches.
Avataar Ventures expressed confidence in LambdaTest’s ability to reshape the future of software testing, noting its disruptive approach with solutions like KaneAI and HyperExecute, which offer end-to-end test orchestration with enhanced speed and security.
Qualcomm Ventures also emphasised the transformative potential of LambdaTest’s product suite, focusing on how its AI-driven testing systems are essential for improving CI/CD pipeline efficiency and accelerating release cycles. The company’s comprehensive approach positions it as a leader in the rapidly evolving software quality assurance space.
LambdaTest’s AI-powered HyperExecute platform enhances the testing experience by running tests up to 70% faster than traditional cloud grids and accelerating test resolution by 2.5x, all while improving error detection by 60%.
LambdaTest has been serving over 15,000 customers, including Fortune 500 companies, and facilitating more than 1.2 billion tests globally. The startup has projected a year-on-year growth of 105%, supporting more than 2.3 million developers and testers worldwide.
