Friday, March 29, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsStartupsLambdaTest raises $1 million from Leo Capital in Pre-Series A funding

LambdaTest raises $1 million from Leo Capital in Pre-Series A funding

Follow Tech Observer on Google News
Google News

Cloud-based testing said that it has raised a Pre-Series A funding of $1 million from , a venture capital firm. Early this year, the company raised angel investment of $400K from investors like Ramakant Sharma (Co-founder LivSpace), Lovleen Bhatia (Co-founder Edureka), Kapil Tyagi (Co-founder Edureka), and few angels from United States.

LambdaTest was started about an year ago by Asad Khan along with co-founders, Harish Sharma (Head of Technology, Jay Singh (Head of Sales and Marketing), and Shayan, (Head of Customer Success). With this round of funding, Leo Capital becomes a significant minority stakeholder in LambdaTest.

Asad Khan said, “We're glad with our partnership with Leo Capital and our other investors. This round of funding showcases the confidence that the industry has in us and this will support us to improve our existing products. The investment is also important in order for us to meet the growing demand for new and better products by our present and future customers.”

“Our mission from the start has been to make seamless and easy to use testing platform for web developers, testers and others and this update only validates our efforts. We'll keep working on new features and providing excellent support to our customers,” Khan said.

Rajul Garg, Managing Partner for Leo Capital India Advisors LLP, said, “We believe LambdaTest is poised to be a significant new challenger in this exciting and ever-changing market of cloud testing.”

LambdaTest's technology offers cross-browser testing on more than 2000 browsers, OS and resolution combinations.

Software Testing market is growing at 22% YoY. Estimated to be a $34 billion market, it is estimated to reaching $84 billion in 2024, worldwide. DevOps explosive growth is creating more demand for test execution platforms and testing tools too.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES