LambdaTest, a browser testing platform that’s based in San Francisco, announced it has raised US$16 million in its latest round of funding.
More funding details
- Lead investor: Sequoia Capital India
- Returning investors: Telstra Ventures, Wamda Capital, and an unamed sovereign wealth fund
- Stage: Series B
More company updates
- The fresh funds will be used to scale the company’s testing ecosystem and build an advanced cloud infrastructure for users.
- LambdaTest will also broaden its reach by working with developers to launch a suite of products for the tester community by the end of the year and plans to hire 30 new employees by 2021 to fuel its expansion plans.
- Since its launch, the firm has engaged over 500,000 developers in 132 countries who have performed more than 20 million tests. Its customers include Xerox, Cisco, Microsoft, Deloitte, Media.net, the Coca-Cola Company, Trepp, SurveyMonkey, Capgemini, HBR, 23andMe, and Dashlane, among others.
- LambdaTest claims it has doubled revenues and increased customer numbers by 20% in the last six months since it raised US$6 million in its series A funding round in December 2020.
- The number of software tests run by developers has almost doubled from 12 million to over 20 million in the same time period, according to the company.
- LambdaTest is a testing infrastructure company that allows developers to test their websites and apps on browsers or in an operating system environment.