Startup LambdaTest Inc., which helps developers at companies such as Microsoft Corp. and Cisco Systems Inc. develop software faster, today announced that it has raised $45 million in funding.
The Series C funding round was led by Premji Invest. Returning LambdaTest investors Sequoia Capital India, Telstra Ventures, Blume Ventures and Leo Capital participated as well.
Before releasing a newly created application, developers have to test every feature to ensure that the software works as expected. Moreover, they have to repeat the process multiple times. If a mobile app is designed to run on both Android and iOS, developers have to test that the app’s features work well on Android and then repeat the process with iOS.
The amount of testing required increases in lockstep with the number of use scenarios that developers wish to support. A company building a web application, for example, must ensure that its application works well on Chrome, other browsers, Windows, macOS and any other platforms it may wish to support.
LambdaTest offers a cloud platform that it promises will speed up the process of testing applications. The platform provides the ability to carry out software tests across more than 3,000 different combinations of browsers and operating systems, according to the startup. Developers can use it to evaluate both web services and mobile apps.
LambdaTest enables customers to carry out their software evaluation initiatives in several ways.
Its platform provides the ability to test an application manually by navigating its interface. Alternatively, developers can use open-source automation tools such as Selenium and Cypress, which make it possible to carry out a large number of code tests in parallel. LambdaTest also supports an approach called regression testing that’s used to ensure application updates don’t contain any errors.
LambdaTest’s platform is used by more than 500 enterprises, including major tech firms such as Microsoft and Cisco. The startup has run more than 100 million tests for customers since launch. LambdaTest disclosed on the occasion of today’s funding announcement that it has “grown its business by 300% in the last year” but didn’t share absolute numbers.
“We are razor-focused on making the lives of developers and QA teams easier when it comes to test orchestration and execution,” said LambdaTest co-founder and Chief Executive Officer Asad Khan (pictured, left, with co-founder and Chief Operating Officer Jay Singh). “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.”
LambdaTest will invest the new funding in go-to-market and product development initiatives. The startup is building a new tool, called TAS, that promises to speed up developers’ work significantly. According to LambdaTest, the tool can automatically optimize software tests in a way that reduces their duration by up to 95%, which not only saves time but also reduces infrastructure requirements.