Surge, Blume, Leo Capital, others invest in LambdaTest

By Joseph Rai

  • 02 Dec 2020

Cloud-based browser testing platform LambdaTest Inc on Wednesday said it has raised $6 million (Rs 44 crore) in a funding round led by Sequoia Capital’s accelerator programme Surge.

San Francisco-based LambdaTest is one of the 17 startups selected by Surge for its fourth batch that was announced last week. The amount raised by the startups was not disclosed.

Other institutional investors that participated in this round include Indian early-stage venture capital firms Blume Ventures and Leo Capital, said LambdaTest in a statement. Entrée Capital, a venture capital firm with offices in Silicon Valley, London and Tel Aviv, also pooled in capital, it added.

Individuals Gokul Rajaram and Ramakant Sharma also contributed to the round.

The fresh capital will help LambdaTest build cloud infrastructure for the developer and tester community globally.

The startup, which was founded in 2017 by Asad Khan and Jay Singh, enables developers to test their websites and apps on any browser or operating system.

LambdaTest says it has more than 350,000 users across 132 countries. Its users include individuals, small and medium businesses and large companies such as Xerox, Cisco, Deloitte and Coca-Cola.

Co-founder Khan had previously built and scaled a testing service company 360Logica that was acquired by Saksoft. Singh is a serial entrepreneur who has led and mentored sales and customer success teams over the past 16 years.

Sequoia had launched Surge last year to sharpen its focus on early-stage funding. It launched its fourth batch last week consisting of 17 startups headquartered in India, Singapore, Vietnam and Indonesia. It also added a startup from Australia for the first time.

The startups come from various sectors including edtech, fintech, health-tech and business-to-business (B2B) marketplace. Over half of the 17 startups selected are SaaS (software as a service) companies, it had said.

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