With this funding, LambdaTest plans to advance KaneAI, launching an AI-native QA Agent-as-a-Service to transform software quality assurance with AI-driven insights, a scalable Test Cloud, and advanced HyperExecute automation.

NOIDA, India and SAN FRANCISCO , Dec. 10, 2024 /PRNewswire/ — LambdaTest , the leading cloud-based unified testing platform, has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding raised to $108 million. This pivotal investment will enable LambdaTest to accelerate its mission of democratizing quality engineering through innovation, and redefine industry standards for web and mobile software quality with its breakthrough innovation, KaneAI – “AI-native QA agent-as-a-service.”

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, and the AI-native  HyperExecute platform , which enables enterprises to test their digital assets with speed, accuracy, and scalability.

HyperExecute, LambdaTest’s unified, AI-native test execution and orchestration cloud, enables teams to run tests up to 70% faster than any cloud grid by intelligently executing tests across multiple environments, enabling 2.5x faster test resolution and 60% faster error detection . The latest platform, KaneAI, can help reduce manual effort in test script generation, reducing it by 40-70%.

These generative AI-powered innovations address a pressing need for streamlined and efficient quality assurance processes as software development cycles become faster, more rigorous, and increasingly complex.

With annual growth of approximately 105%, LambdaTest has over 2.3 million developers and testers worldwide who rely on it to test intelligently, accelerate releases, and confidently deliver quality software, and have run over 1.2 billion tests to date.

“KaneAI is more than a tool, it’s a transformative approach to quality assurance that empowers teams to test smarter and faster, with less manual effort,” said Asad Khan , CEO and co-founder of LambdaTest. “Our foundation in LambdaTest’s cloud-based platform gives us an advantage in delivering this solution as needed, and we’re thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reshape the future of quality assurance.”

“Asad and his team are a force to be reckoned with – in a short span of time, they have disrupted the entire market. From building the first no-code, AI-native QA solution (KaneAI) to launching the only truly e2e, secure, enterprise-grade test orchestration platform (HyperExecute), they have completely changed the game and taken the rug out from under the feet of existing computer-based training vendors. In a world where literally every industry and business is going through digital transformation, LambdaTest is now becoming a go-to solution that delivers the best customer experience and accelerated time to market while significantly reducing costs,” said Nishant Rao , Founding Partner, Avataar. “We have been inspired by the quality of their growth and are very optimistic about the future.” Avataar’s unique #OperatingVC model will enable them to be actively supported at every step of their journey to transform their first mover advantage into a global market leader (but this time built in India for the world)!” he added.

“As AI applications on cloud and devices become increasingly prevalent, continuous testing with AI-powered automation is critical to accelerating release cycles and improving CI/CD pipeline efficiency,” said Quinn Li , senior vice president, Qualcomm Technologies, Inc. and global head of Qualcomm Ventures. “LambdaTest’s comprehensive product suite transforms software quality assurance with AI-driven autonomous test systems. We are excited to support them on their journey.”

This investment from Avataar Ventures and Qualcomm Ventures demonstrates the potential of AI-powered tools in the QA market. As enterprises continue to adopt cloud solutions to streamline their testing processes, LambdaTest’s holistic approach positions it at the forefront of QA innovation, solidifying its leadership in a massive and evolving market.

Founded in 2017, LambdaTest has raised nearly $70 million from leading investors in previous funding rounds including Premji Invest, Sequoia Capital India, Titanium Ventures, Leo Capital Holdings and Blume Ventures.

Note to editors

About LambdaTest

LambdaTest   is an intelligent, omni-channel software quality assurance platform that enables enterprises to accelerate time to market by creating, orchestrating, and executing cloud-based, AI-powered tests. Over 15,000+ customers and 2.3 million+ users across 130+ countries trust LambdaTest for their testing needs.

• Browser & App Testing  Cloud allows users to run manual and automated tests of web and mobile applications on over 5,000 different browsers, real devices, and operating system environments.
• HyperExecute  enables customers to execute and orchestrate test grids in the cloud for any software framework and programming language at blazing speed to reduce time to quality testing and help developers build software faster.

For more information, visit https://lambdatest.com

About Avataar Ventures

Avataar is a growth-stage operational venture capital fund that actively partners with brilliant regional B2B and SaaS technology-driven startups to reinvent, scale and transform them into thriving and sustainable global businesses. We believe in the promise of India and Southeast Asia transforming into B2B product nations, building for the world! We believe in orchestrating a new entrepreneur-venture equation for the region, where we roll up our sleeves and operate in the trenches with our founders. Together, their passion and ideas, coupled with our experience and networks, help accelerate the scaling success formula for each portfolio company. To learn more, please visit: http://avataar.vc/

About Qualcomm Ventures

Qualcomm Ventures, acting through Qualcomm Ventures LLC or its affiliates, has been making strategic investments in technology companies that have the potential to fundamentally transform our world since 2000. As a global investor, we seek to help entrepreneurs build disruptive companies that reshape the world around us. For more information, please visit  www.qualcommventures.com .

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