# LambdaTest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lambdatest

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lambdatest.com
- Total disclosed funding: $102M
- Latest round: Series D (Dec 10, 2024)
- Investors on record: 9

## About

LambdaTest, Inc. is a US-based provider of cloud-based software testing solutions, specializing in cross-browser and mobile application testing to ensure optimal user experiences across diverse platforms.Founded in 2017 in San Francisco, US, LambdaTest, Inc. delivers innovative testing solutions for web applications. The company has successfully raised a total of USD 38.00 mn through Series D funding, led by Avataar Venture Partners, with participation from Qualcomm Ventures. Asad Khan, one of the co-founders, serves as the CEO.LambdaTest offers a comprehensive suite of cloud-based software testing solutions, enabling users to perform online manual and automated browser testing. Their services include executing Selenium and Playwright scripts on a scalable infrastructure, supporting accessibility testing across over 3000 browser versions. Catering to sectors like retail, finance, media, healthcare, and travel, LambdaTest serves more than two million users globally, with a strong market presence in North America, Europe, Asia, and Australia.LambdaTest operates on a subscription-based revenue model, providing various pricing plans for individual developers and large enterprises. Clients utilize LambdaTest's flagship products, including the AI-native test manager and HyperExecute, through structured contracts that stipulate service-level agreements and usage limits. This transactional model facilitates businesses in optimizing their testing processes while enhancing their software development lifecycle.In December 2024, LambdaTest, Inc. raised USD 38.00 mn in Series D funding, which will be directed towards enhancing their AI-driven QA solutions, particularly the AI Native QA Agent-as-a-Service platform, KaneAI. The company plans to expand its product offerings and enter new markets to broaden its geographical reach.

## Funding rounds

- Series D, Dec 10, 2024, $38M — Qualcomm Ventures, Avataar Venture Partners
- Series C, Mar 29, 2022, $45M — Hong Shan, Blume Ventures, PremjiInvest, Titanium Ventures, Leo Capital
- Series B, Jun 2, 2021, $16M — Hong Shan, Titanium Ventures, Wamda Capital
- Seed, Nov 8, 2019, $2M — Leo Capital Holdings, Blume Ventures
- Series A, Nov 28, 2018, $1M — Leo Capital Holdings

## Investors

- Leo Capital Holdings (https://capitalatlas.ai/funds/leo-capital-holdings) — Series A, Seed
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series C
- Hong Shan — Series B, Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B, Series C
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series B
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series C
- Leo Capital (https://capitalatlas.ai/funds/leo-capital) — Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series D
- Avataar Venture Partners (https://capitalatlas.ai/funds/avataar-venture-partners) — Series D