Sequoia backs $45m round of app, website testing startup

LambdaTest, a cloud-based test orchestration platform, has raised US$45 million in a venture round led by Premji Invest, with participation from existing investor Sequoia Capital India.

LambdaTest cofounders Asad Khan (left) and Jay Singh/ Photo credit: LambdaTest

LambdaTest’s core platform allows users to try out their websites and apps on over 3,000 different combinations of browsers, operating systems, and devices.

Founded in 2017, LambdaTest’s platform has over 1 million users globally. The company claims to have run more than 100 million tests since its establishment and has grown its business by 300% in the last year.

Using the company’s offerings, its customers achieved 95% quicker time-to-market, increased their release productivity by 62%, and identified 67% of issues before launch, LambdaTest said in a statement.

The startup will use the fresh capital to create new products, improve its existing product capabilities, and accelerate growth. It’s also looking to hire across multiple roles and geographies.

“We are razor-focused on making the lives of developers easier when it comes to test orchestration and execution. We will soon be launching our test intelligence platform Test-At-Scale,” said Asad Khan, co-founder and CEO of LambdaTest.

See also: Is Asia ready for Sequoia’s perpetual fund model?

Other investors in the round include:

• Telstra Ventures
• Blume Ventures
• Leo Capital
• Sandeep Johri, former CEO and present board member of Tricentis