LambdaTest, a cloud-based software testing 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 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.

Founded in 2017, LambdaTest had previously 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 claims that its software testing tool 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.



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