LambdaTest Secures $38 Million to Boost AI QA Solutions

LambdaTest, a leading cloud-based testing platform based in Noida, India, and San Francisco, has successfully secured $38 million in a funding round spearheaded by Avataar Ventures with further contributions from Qualcomm Ventures. This latest increase in investment brings LambdaTest's total capital raised to $108 million. The new funds are earmarked to develop KaneAI, an AI-driven QA automation service, and further advance LambdaTest's HyperExecute platform. KaneAI is designed to streamline and expedite the QA process, addressing the complexity and fast pace of modern software development cycles. LambdaTest boasts over 15,000 clients, including major corporations, and a global community of 2.3 million users. The company's innovative approach claims to offer up to 2.5x faster test resolutions and cut down on test script generation time by up to 70%. With a remarkable year-on-year growth of approximately 105%, LambdaTest intends to lead the market with its AI-powered QA solutions. Both Avataar Ventures and Qualcomm Ventures view LambdaTest's offerings as crucial for enhancing customer experience amid widespread digital transformation. The investment reflects confidence in LambdaTest's potential to emerge as a global market leader in software quality assurance.