LambdaTest , the leading cloud unified testing platform, has raised a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing total funding to $108 million. This cornerstone investment will accelerate LambdaTest’s mission to democratize quality engineering through innovation and redefine industry standards for web and mobile software quality through its breakthrough innovation, KaneAI , the “AI Native QA Agent-as-a-Service” platform.
With over 15,000 customers, including Fortune 500 and G2000 companies, LambdaTest has already established itself as a leader in the QA space. Its latest innovations include KaneAI, an AI-powered QA automation agent-as-a-service , and the AI-native HyperExecute platform , which enables enterprises to test their digital assets with speed, accuracy, and scale.
HyperExecute, LambdaTest’s AI-native unified test execution and orchestration cloud, enables teams to run tests up to 70% faster than any cloud network by intelligently executing tests across multiple environments, enabling 2.5x faster test resolution and 60% faster bug detection . The latest platform, KaneAI, can help reduce manual efforts in test script generation, reducing them by 40-70%.
These GenAI-powered innovations address an urgent need for streamlined and efficient quality control processes as software development lifecycles become faster, more rigorous, and increasingly complex.
With approximately 105% year-over-year growth, LambdaTest is trusted by over 2.3 million developers and testers worldwide to perform intelligent testing, accelerate releases, and deliver quality software with confidence, having run over 1.2 billion tests to date.
“KaneAI is more than a tool – it’s a transformative approach to QA that enables teams to test smarter and faster, with less manual effort,” said Asad Khan , CEO and co-founder of LambdaTest. “Our foundation on LambdaTest’s cloud-based platform gives us an advantage in delivering this solution at scale, and we’re thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reimagine the future of QA.”
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“Asad and his team are a force of nature to be reckoned with – in a short span of time, they have revolutionized the entire market. From creating the first no-code, AI-native QA solution (KaneAI) to launching the only truly end-to-end enterprise-grade secure test orchestration platform (HyperExecute), they have totally changed the game and left incumbent CBT vendors in the dust. In a world where literally every industry and enterprise is undergoing a digital transformation, LambdaTest now becomes a must-have solution that delivers the best customer experience and accelerated time-to-market while significantly reducing costs,” explained Nishant Rao , Founding Partner, Avataar. “We have been inspired by the high quality of their growth and are super optimistic for the future. Avataar’s unique #OperatingVC model will help ensure they have active support at every stage of the journey to translate their first-mover advantage into becoming the global market leader (but this time built in India for the world!),” he added.
“As AI applications in the cloud and on devices become more prevalent, continuous testing with AI-powered automation is essential to accelerate release cycles and improve CI/CD process efficiency,” said Quinn Li , senior vice president, Qualcomm Technologies, Inc. and global head, Qualcomm Ventures. “LambdaTest’s comprehensive suite of products is transforming software quality assurance with AI-powered autonomous testing systems. We’re excited to support their journey.”
This investment from Avataar Ventures and Qualcomm Ventures is a testament to the potential of AI-based tools in the QA market. As enterprises continue to adopt cloud solutions to streamline their testing processes, LambdaTest’s end-to-end approach positions it at the forefront of QA innovation, reinforcing its leadership in a massive and evolving market.
Source: PRNewswire