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LambdaTest Receives Funding worth $2Million

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Team Startup CityCloud-based browser compatibility and automation testing platform, LambdaTest has recently raised a fund worth $2 million. The investor who participated in the investment round was technology-focused venture capital firm Blume Ventures.

With the rapid growth in the industry Blume Ventures is looking to partner with Deep tech SaaS (software-as-a-service) platform. In just two years, LambdaTest has done an incredible job in the cross-browser testing and automation testing space, and in the coming years it is gearing up to be one of the major challengers in the volatile market of cloud-testing. Another investor who contributed to the funding round was existing investor Leo Capital. Earlier in December 2018, the company had received a fund worth $1 million
from Mumbai-based VC fund Leo Capital. According to the co-founder and chief executive officer of LambdaTest, Asad Khan, the company has created a distinct name for itself in the cloud-based testing domain because of its breakthrough technology, best in the industry performance, fast customer support, and amazing feature. He added that the recent funding showcases that the industry and investors have in LambdaTest which is due to the complete package the company offers to its customers.

LambdaTest was co-founded by Asad Khan and jay Sing in 2017. The aim behind creating the company was to build an integrated cloud-based test execution ecosystem to eliminate the efforts put by testers and developers in building, maintaining and scaling in-house test infrastructure. The company is providing instant access to over 2,000 different mobile and desktop browser and OS combinations. The San Francisco-based company has managed to grow its user base to 1.1 lakh active users in more than 130 countries and is planning to utilize the fund for hiring fresh talent and improve its existing platform by investing in technology and research to bring in new features, scale infrastructure and enhance the performance of its platform. The company is currently providing 200 minutes of free usage before the buyers the paid version of its automation feature. The platform also offers unlimited access to run automation tests at a monthly subscription fee of $79. Its clients include enterprises such as Newsela, Scholastic, Capgemini, Eureka, Deloitte, Brother.com, which use LambdaTest’s platform to run thousands of manual and automation tests online.