The platform LambdaTest will utilize the infused financials to consume new talent and enhance its existing platform by investing in technology and research to introduce exciting features, scale infrastructure and increase the performance of its platform.
“At Blume ventures, we were actively looking to partner with a Deep tech SaaS (software-as-a-service) platform as the industry is witnessing rapid growth. LambdaTest in just two years has done an amazing job in the cross browser testing and automation testing space and we believe in coming years it is poised be a significant new challenger in this exciting and ever-changing market of cloud testing,” said Sanjay Nath, co-founder and managing partner at Blume Ventures.
LambdaTest was founded by Jay Singh and Asad Khan in 2017. It aims at developing an integrated cloud based test execution ecosystem to eliminate the effort of testers and developers in building, maintaining and scaling in-house test infrastructure.
Whereas, at present, the firm LambdaTest provides its users with instant access to over 2,000 different mobile and desktop browser and OS combinations.
As per its website, the platform LambdaTest has grown to a user base of over 1.1 lakh active users in more than 130 countries, and offers a trial before buy version of its automation feature where all users can play with the tool for 200 minutes. Further, it provides unlimited access to run automation tests at $79 per month on a subscription basis.
“LambdaTest has been able to create a distinct name in the cloud based testing space because of its breakthrough technology, best in the industry performance, fast customer support, and amazing features,” said Asad Khan, co-founder and chief executive officer of LambdaTest.
“We offered a complete package to our customers and this round of funding showcases the confidence that the industry and the investors have in us. With our continuous and agile approach to offer new features, we believe that LambdaTest has the potential to outperform other platforms,” Khan added.
Furthermore, As per the venture capital data firm Tracxn, 2018, the investments of $3.09 billion in B2B startups across 415 rounds, 28% more than the $2.41 billion allocated in 2017, across 534 rounds.