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Lambdatest Raises $45 Million To Build ‘Aws For Testers’

Mar 29, 2022over 3 years ago

Amount Raised

$45 Million

Description

Web developers have to run hundreds of tasks and they are able to do so on their own machines. But when a developer firm – at a scale – has to perform similar activities, they don’t often have – and in many cases, want to have – the required computing power at their disposal to run such tasks locally.

Company Information

Company

Lambda Test

About

But when a developer firm – at a scale – has to perform similar activities, they don’t often have – and in many cases, want to have – the required computing power at their disposal to run such tasks locally.“Can we build a platform that helps these developers and their firms save a ton of time – bringing down what would otherwise take four to five hours to 10 minutes?” says Asad Khan. The platform enables you to run your tasks at any scale from anywhere at any time.” On Tuesday, the startup said it has raised $45 million in its Series C financing round led by Premji Invest. The firm has helped them run more than 100 million tests, achieve 95% quicker time-to-market, increase their release productivity by 62% and identify 67% of issues prior to launch, the startup said. The startup grew its business by 300% last year, he said. The startup plans to further expand its offerings and also its headcount. LambdaTest says over 500 enterprises and a million developers and testers across 130 nations are using its platform. Khan said the pandemic also played a key role in persuading many potential customers to explore LambdaTest.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech