Sequoia’s Surge leads $6 mn investment in LambdaTest
San Francisco-based LambdaTest, which operates a cloud-based testing platform for developers, said on Wednesday it has raised $6 million (Rs 44.2 crore at current exchange rates) in fresh funding.
The investment, according to a statement, was led by Sequoia Capital India’s Surge programme. Blume Ventures, Entrée Capital, Leo Capital, and angel investors Gokul Rajaram and Ramakant Sharma also chipped in.
LambdaTest was among the 17 startups selected as part of the fourth cohort of Surge, which is Sequoia Capital India’s rapid scale-up programme for startups in India, Southeast Asia, and Australia.
“This round of funding validates our efforts and strengthens our commitment to building a next-generation cloud infrastructure for the developer and tester community,” Asad Khan, co-founder and CEO of the startup, said in the statement.
Khan and Jay Singh founded LambdaTest in 2017 to create an ecosystem that allowed developers to see how their websites and web apps functioned on any browser or operating system environment. They noted that the fragmentation of devices and browsers in the market made it difficult to test products across all environment combinations. Plus, building an-house testing lab was expensive, especially for small businesses.
The solution from the duo, a cohesive cloud-based testing platform, addresses this problem by letting developers run both manual and automated tests to check the look, feel, and performance of their websites and web apps across more than 2000 different browsers and operating system environments.
In the last three years, the platform has been used to perform over 12 million tests by 350,000 testers, including those from SMEs and Fortune 500 companies such as Xerox, Cisco, Deloitte, Media.net, Coca Cola, Trepp, SurveyMonkey, Capgemini, HBR, Dashlane, and Zoho.
Now, armed with fresh funds, the startup plans to scale its ecosystem even further. It claims that its product has grown 8-10% month-on-month in terms of sign-ups, customers, website visits, and revenues in the past few months.
Prior to this, the startup raised $2 million in a seed funding round led by Blume Ventures more than a year ago.
“Our ultimate goal is to bring the whole testing ecosystem to the cloud platform, where all testing processes are done in a seamlessly integrated infrastructure that is easy to scale up and helps for easy application, debugging, and ultimately helping to bring out the best quality products in the shortest amount of time,” Khan added.