LambdaTest, a Cloud-Based Cross-Browser Application Testing Platform, Raises $45M
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Lambda testinga cloud-based platform used by some of the world’s largest companies to test how their apps work on different platforms, raised $45 million.
Founded in 2017, LambdaTest bills itself as a “test orchestration platform,” a platform that enables developers and quality assurance (QA) teams to run manual or automated tests for mobile apps. Web and native.
Test automation involves setting up and running repeatable tests on the software with minimal manual input required, saving valuable time and resources. This could involve “cross-browser” testing, which verifies that an application works equally across different browser and system configurations on desktop and mobile.
At its core, LambdaTest capitalizes on the fact that every company these days is a software company. The pressure to deliver new features in a rapid continuous delivery cycle increases the risk of bugs entering the live code base – so catching bugs earlier is vital. This is also partly why the global test automation market has been considered a $20.7 billion industry last yeara figure that is expected to more than double in the next four years.
“Over the past year, the pandemic has made it almost imperative for businesses to go digital – [but] Going digital also means more testing,” LambdaTest co-founder and CEO Asad Khan told VentureBeat. “Another significant trend that has occurred over the past few years is”Shift-left‘ – more and more world-class companies are shifting their testing to the left to catch bugs earlier in the cycle and ensure a better customer experience.
Other notable space players include BrowserStackwhich recently reached a lofty valuation of $4 billion through a $200 million fundraise, and Sauce laboratories which has major customers such as Walmart and Splunk. Elsewhere, new entrants such as Testsigma seek to simplify software test automation through an open source approach.
But in an increasingly competitive space, LambdaTest is less concerned with differentiating on features in itself. It’s more about striving to be the best in the business – and it’s hard to ignore its customer base, which includes Apple, Microsoft and Cisco.
“Since our inception, we have truly believed in listening to our customers – for our core test execution platform, we realized that the biggest issues for customers were not features, but reliability, performance and speed,” Khan said. “Although our main platform has all the necessary functionality, we decided that we would be the platform that would have the best test execution speed and the least flakiness, thus increasing the reliability of the tests carried out and allowing faster time to market for our customers.”
San Francisco-based LambdaTest previously raised about $25 million, and with an additional $45 million in the bank, the company said it plans to “push the boundaries of cloud-based test orchestration.” , with a particular focus on speed, reliability and performance. .
“Given the rapid pace of innovation today, catching bugs and fixing them early is what sets the best companies apart from the rest,” Khan said. “Today, any brand must deliver the best customer experience across all possible types of real-world devices, operating systems, browsers and their many flavors, and most importantly, at record speeds. Developers and testers are at the center of it all.
LambdaTest’s latest funding round was led by Premji Invest, with participation from Sequoia Capital India, Telstra Ventures, Blume Ventures and Leo Capital.
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