LambdaTest closes $45 million in a venture round led by Premji Invest

Firm's platform is used by over 1 mn developers and testers globally. The company has run more than 100 mn tests since inception, has grown its business by 300% in the past year

LambdaTest, a leading end-to-end cloud-based test orchestration platform, has closed a total of $45 million in a venture round led by Premji Invest with participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital. Sandeep Johri, Ex-CEO and present board member of Tricentis, has also angel invested in this round.

LambdaTest, which is on a mission to push the boundaries of execution speed, performance and reliability of test execution, will majorly use the capital for new product innovation. A part of the funds will be used to enhance the existing product capabilities and accelerate growth. The company