LambdaTest closes $45 Mn round led by Premji Invest

LambdaTest, an end-to-end cloud-based test orchestration 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, it said in a press release. 

Founded in 2017, LambdaTest 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. 

LambdaTest had earlier raised close to $25 million in funding from investment firms such as Sequoia Capital India, Telstra Ventures, Leo Capital Holdings, Blume Ventures, and others.

The startup claims to have run more than 100 million tests since its inception and has grown its business by 300% in the last year.