About LambdaTest
LambdaTest is a company based in San Francisco (United States) founded in 2017 by Mayank Bhola, Asad Khan, and Jay Singh.. LambdaTest has raised $108.4 million across 8 funding rounds from investors including Peak XV Partners, Leo Capital and Avataar Ventures. The company has 48 employees as of April 06, 2024. LambdaTest offers products and services including Selenium Testing, HyperExecute, Real Devices Cloud, and Accessibility Testing. LambdaTest operates in a competitive market with competitors including Tricentis, BrowserStack, Cypress, SmartBear and Testlio, among others.
- Headquarter San Francisco, United States
- Employees 48 as on 06 Apr, 2024
- Founders Mayank Bhola, Asad Khan, Jay Singh
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Lambda Computing Private Limited
- Date of Incorporation 14 Jul, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$693.97 K (USD)-22.07as on Mar 31, 2020
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Net Profit
$-96.29 K (USD)-208.2as on Mar 31, 2020
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EBITDA
$154.61 K (USD)-58.83as on Mar 31, 2020
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Total Equity Funding
$108.4 M (USD)
in 8 rounds
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Latest Funding Round
$38 M (USD), Series D
Dec 10, 2024
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Investors
Peak XV Partners
& 16 more
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Employee Count
48
as on Apr 06, 2024
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Products & Services of LambdaTest
LambdaTest offers a comprehensive portfolio of products and services, including Selenium Testing, HyperExecute, Real Devices Cloud, and Accessibility Testing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Run Selenium scripts on cloud infrastructure for web testing.
Blazing-fast cloud for AI-Native automation test execution.
Test mobile apps on real iOS and Android devices.
Evaluate website accessibility for web apps.
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Funding Insights of LambdaTest
LambdaTest has successfully raised a total of $108.4M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $38 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $38.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series D - LambdaTest | Valuation | Avataar Ventures | |
| Sep, 2022 | Amount | Grant - LambdaTest | Valuation |
investors |
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| Mar, 2022 | Amount | Series C - LambdaTest | Valuation | Premji Invest |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LambdaTest
LambdaTest has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Leo Capital and Avataar Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in growth-stage B2B and SaaS companies is facilitated through strategic support and funding.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LambdaTest
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LambdaTest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lambdatest Comparisons
Competitors of LambdaTest
LambdaTest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tricentis, BrowserStack, Cypress, SmartBear and Testlio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI powered software testing suite
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Cloud based suite of software testing solutions
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| domain | founded_year | HQ Location |
Testing frameworks for JavaScript applications are provided by Cypress.
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| domain | founded_year | HQ Location |
Cloud-based tools for software testing and monitoring are offered.
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| domain | founded_year | HQ Location |
Software testing suite solutions are provided for diverse applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lambdatest
Frequently Asked Questions about LambdaTest
When was LambdaTest founded?
LambdaTest was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is LambdaTest located?
LambdaTest is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of LambdaTest?
Asad Khan is the current CEO of LambdaTest. They have also founded this company.
Is LambdaTest a funded company?
LambdaTest is a funded company, having raised a total of $108.4M across 8 funding rounds to date. The company's 1st funding round was a Series C of $45M, raised on Jun 01, 2018.
How many employees does LambdaTest have?
As of Apr 06, 2024, the latest employee count at LambdaTest is 48.
What is the annual revenue of LambdaTest?
Annual revenue of LambdaTest is $693.97K as on Mar 31, 2020.
What does LambdaTest do?
Cloud based cross browser testing software. The features of the product include integrated debugging, geolocation testing, bug detection, live and automated testing, collaboration, and more. It also offers live testing of public or hosted websites or web applications. It leverages AI that provides automated testing, test analytics, app testing, and more. The platform provides integration over GitHub, GitLab, Slack, asana, Jenkins, Bitbucket, and more.
Who are the top competitors of LambdaTest?
LambdaTest's top competitors include BrowserStack, Tricentis and Cypress.
What products or services does LambdaTest offer?
LambdaTest offers Selenium Testing, HyperExecute, Real Devices Cloud, and Accessibility Testing.
Who are LambdaTest's investors?
LambdaTest has 17 investors. Key investors include Peak XV Partners, Leo Capital, Avataar Ventures, Qualcomm Ventures, and Premji Invest.
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