LambdaTest raises $38 million to enhance QA platform

LambdaTest has announced a funding round of $38 million led by Avataar Ventures, with the participation of Qualcomm Ventures.

This investment follows LambdaTest's ongoing efforts to innovate in the field of software testing. The latest funding brings the company's total raised capital to $108 million. LambdaTest plans to use this funding to further develop KaneAI, the AI Native QA Agent-as-a-Service platform aimed at transforming web and mobile software quality assurance.

LambdaTest has an established customer base comprising over 15,000 clients, including notable Fortune 500 and G2000 companies. The company's offerings include KaneAI and the AI native HyperExecute platform, which allow businesses to test digital assets with increased speed and precision.

HyperExecute is a unified test execution and orchestration cloud. According to LambdaTest, it permits tests to run up to 70% faster than other cloud grids through intelligent distribution across environments, resulting in faster test resolutions and quicker error detection rates. KaneAI has been designed to diminish manual effort in test script generation by between 40% and 70%.

With the increasing complexity and speed of software development lifecycles, LambdaTest's solutions cater to a growing demand for efficient and streamlined quality assurance processes. The company supports a user base of over 2.3 million developers and testers, and reports that it has facilitated the execution of more than 1.2 billion tests to date.

Asad Khan, CEO and Co-Founder of LambdaTest, noted, "KaneAI is more than a tool—it's a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort. Our foundation in LambdaTest's cloud-based platform gives us an edge in delivering this solution at scale, and we're thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reshape the future of QA."

Nishant Rao, Founding Partner at Avataar, commented, "Asad & team are a force of nature to be reckoned with - in a short period of time they have disrupted the entire market. From creating the first AI-native, no-code QA solution (KaneAI) to launching the only truly e2e Enterprise grade, secure test orchestration platform (HyperExecute), they have totally changed the game & pulled the rug out from under existing CBT vendors."

Rao continued, "In a world where literally every industry & company is going through digital transformation, LambdaTest now becomes a must-have solution that delivers the best customer experience & accelerated time to market while also meaningfully cutting costs. We've been inspired to see the high quality of their growth & are super bullish 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)!"

Quinn Li, Senior Vice President at Qualcomm Technologies and Global Head of Qualcomm Ventures, added, "As AI applications on the cloud and on devices become more prevalent, continuous testing with AI-driven automation is essential for accelerating release cycles and improving CI/CD pipeline efficiency. LambdaTest's comprehensive product suite is transforming software quality assurance with AI-driven autonomous testing systems. We are excited to support their journey."

The new investment by Avataar Ventures and Qualcomm Ventures highlights the growing importance of AI-driven solutions in the QA sector as more companies adopt cloud-based testing processes. LambdaTest's comprehensive approach aims to position them as leaders in the evolving market. Founded in 2017, LambdaTest has garnered nearly $70 million from previous funding rounds featuring top investors such as Premji Invest, Sequoia Capital India, and others.