PR95216

SAN FRANCISCO, March 30, 2022 /PRNewswire=KYODO JBN/ --

-The company will use the funding to further the innovation that will push the

boundaries of cloud-based test orchestration in terms of execution speed,

performance and reliability

    LambdaTest, a leading end-to-end cloud-based test orchestration platform,

has closed a total of $45 million in a venture round led by Premji Invest with

participation from existing investors Sequoia Capital India, Telstra Ventures,

Blume Ventures, and Leo Capital. Sandeep Johri, Ex-CEO and present board member

of Tricentis, has also angel invested in this round.

    LambdaTest, which is on a mission to push the boundaries of execution

speed, performance and reliability of test execution, will majorly use the

capital for new product innovation. A part of the funds will be used to enhance

the existing product capabilities and accelerate growth. The company is also

looking to hire across multiple roles and geographies.

    LambdaTest's core test execution platform allows users to test their

websites and apps on over 3,000 different combinations of browsers, operating

systems, and their many versions, and also real devices. Testing of digital

assets is important for businesses as they have little to no control over the

preferences of their customers when it comes to phones, browsers or operating

systems. Hence to provide a seamless customer experience businesses have to be

on top of their testing game.

    More importantly, with the ever-increasing pace of innovation in the

digital world, testing is shifting left, which means that software testing is

performed from the very early stages of product development and involves both

developers and testers (QA), as compared to the earlier 'waterfall' model where

testing was the last step before the product launch. This increasing need has

made businesses yearn for cloud-based solutions that have been optimized for

speed, performance, and reliability.

    "We are razor focussed on making the lives of developers and QA teams

easier when it comes to test orchestration and execution. Over the past few

months, we've released HyperExecute

[https://www.lambdatest.com/intl/en-in/hyperexecute], a next-gen smart test

orchestration platform to help businesses run end-to-end automation tests at

the fastest speed possible. We will soon be launching our test intelligence

platform Test-at-Scale [https://www.lambdatest.com/intl/en-in/test-at-scale]

(TAS). It is already in beta. We are also continuously enhancing our core

execution platform's capabilities," said Asad Khan, chief executive officer,

LambdaTest. "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 developers and testers community."

    Founded in 2017, LambdaTest had earlier raised close to $25 million in

funding from investment firms such as Sequoia Capital India, Telstra Ventures,

Leo Capital Holdings, Blume Ventures, and others.

    LambdaTest's platform is used by over 1 million developers and testers

globally. The company has run more than 100 million tests since its inception

and has grown its business by 300% in the last year. Using the company's

offerings, its customers were able to achieve 95% quicker time-to-market,

increase their release productivity by 62% and identify 67% of issues prior to

launch.

    "LambdaTest is helping businesses orchestrate their test execution by

providing them cost-effective and scalable solutions while giving them improved

control over their existing infrastructure without the need to add more to it.

They are pushing the boundaries of speed, reliability and performance of test

execution. We are happy to partner with this super ambitious LambdaTest team

that is looking to change the face of test execution," said Atul Gupta,

Partner, Premji Invest.

    About LambdaTest

    LambdaTest [https://www.lambdatest.com/] is a leading test orchestration

platform. Its core test execution platform allows users to run both manual and

automated tests of web and mobile apps across 3000+ different browsers, browser

versions, and operating system environments. The company's other offerings

include HyperExecute, a next-gen smart test orchestration platform to help

businesses run end-to-end automation tests at the fastest speed possible, and

Test-at-Scale (TAS), a test intelligence platform.

    Over 500 enterprises and 1 mn+ users across 130+ countries rely on

LambdaTest for their test execution needs.

    Logo: https://mma.prnewswire.com/media/1721228/Lambda_Test_Logo.jpg

    Source: LambdaTest