Fundraising Fox

Lambdatest

San Francisco, US · Founded 2019 · Delaware corporation · 8 known investors

TestMu AI (formerly LambdaTest) is a cloud-based quality engineering platform that lets engineering teams automate end-to-end testing across web, mobile, and AI applications using AI agents and natural language prompts. It offers products including Kane AI for test authoring, agent testing for chatbots and voice assistants, real device cloud, HyperExecute test orchestration, visual testing, and accessibility testing.

Also known as LambdaTest · LambdaTest, Inc · TestMu AI

Founders & leadership

Lambdatest was founded in 2019 by Mohammad Asad Khan, Jay Singh, Asad Khan, Mayank Bhola, and Mudit Singh.

MAMohammad Asad Khan
Mohammad Asad KhanCo-founder
JSJay Singh
Jay SinghinCo-Founder & Chief Customer Officer
AKAsad Khan
Asad KhaninCo-Founder & CEO
MBMayank Bhola
Mayank BholaCo-Founder & Head of Product
MSMudit Singh
Mudit SinghCo-Founder & Head of Growth
MSManeesh Sharma
Maneesh SharmaCOO
NGNaveen Gupta
Naveen GuptaChief Financial Officer

Board

AF
Ashish FafadiaBoard directorPartner at Blume Ventures
RS
Ramakant SharmaBoard director
RG
Rajul GargBoard director

Investors · 8

Also in the syndicate · 2

Avataar VenturesleadSequoia Capital India

Reported raises · per SEC filings

Form D private placements

$4.7M disclosed across 1 of 3 rounds · 2020–2024

$4.7MraisedNov 2020 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ashish FafadiaDirector
  • Ramakant SharmaDirector
  • Mohammad Asad KhanExecutive Officer, Director
  • Jay SinghExecutive Officer, Director
  • Rajul GargDirector
Offering amount
$5.6M
Amount sold
$4.7M
Minimum investment
$1
First sale
Oct 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

TestMu AI, formerly LambdaTest, operates a cloud-based software quality engineering platform that lets engineering teams plan, author, execute and analyze tests for web, mobile and AI applications. Its historical core is a browser and app testing cloud that runs manual and automated tests across thousands of browser, operating system and real-device combinations, alongside HyperExecute, a test execution and orchestration cloud the company says runs tests up to 70% faster than conventional cloud grids with 2.5x faster test resolution and 60% quicker error detection.

The product line spans Test Manager for AI-assisted test management with Jira syncing; Kane AI, a GenAI-native agent that plans and authors tests from natural-language prompts, tickets, diffs, documents, images or media and converts them into automation; Kane CLI and an MCP server for terminal, CI pipeline and coding-agent workflows; Agent Testing, a multi-agent product that evaluates chatbots, voice agents and inbound/outbound calling agents for issues such as hallucinations, bias, toxicity and compliance; a real device cloud covering iOS and Android; and SmartUI visual testing, API, accessibility, performance and cross-browser testing. Test Intelligence adds AI-based error classification, auto-healing, flakiness detection and analytics. The platform advertises 120+ integrations and shared cloud, private cloud and on-premise deployment options.

The company was founded in 2017 according to its funding announcements, and rebranded from LambdaTest to TestMu AI on January 12, 2026, positioning itself as a full-stack agentic AI quality engineering platform. The lambdatest.com domain continues to redirect to testmuai.com with backward-compatible API endpoints.

Founding story

Co-founder and CEO Asad Khan has over 10 years of experience in the software testing industry; he previously helped build 360logica into a multi-million dollar business within five years before its acquisition by Saksoft at the end of 2014, and earlier worked as a Lead Engineer at GlobalLogic on quality assurance for an enterprise wealth management product company serving banks including Bank of America, Wachovia, PNC, Wells Fargo and BNY Mellon.

Business model

Subscription-based B2B SaaS: customers pay for access to a hosted testing cloud (browser, real device and orchestration infrastructure) plus AI testing agents, with plans and tiers unchanged through the TestMu AI rebrand. Deployment is offered as shared cloud, private cloud or on-premise, and the company also sells professional services covering onboarding, migration and optimization.

Recurring platform subscriptions across pricing tiers, supplemented by expert-led professional services. Roughly half of revenue is reported to come from AI products such as Kane AI rather than traditional testing infrastructure.

Traction

Reported 15,000+ customers and 2.3 million+ users across 130+ countries at the end of 2024, with about 105% year-over-year growth and more than 1.2 billion tests executed on the platform since inception. Later company materials cite 3 million+ users globally, and third-party coverage of the 2026 rebrand cites 18,000+ enterprise customers and 110% year-over-year growth, with about half of revenue from AI products.

Latest developments

The January 12, 2026 rebrand to TestMu AI repositioned the company around agentic AI, with Kane AI as the flagship product and Kane CLI extending flows to the terminal, CI pipelines and coding agents. A new Agent Assurance capability for verifying what AI agents actually did is being offered via waitlist, and the company has added an agent-testing product for chatbots, voice and calling agents. In 2025 it was named a Challenger in the Gartner Magic Quadrant and recognized in The Forrester Wave for Autonomous Testing Platforms.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as the first full-stack agentic AI quality engineering platform; named a Challenger in the 2025 Gartner Magic Quadrant and recognized in The Forrester Wave: Autonomous Testing Platforms, Q4 2025. It competes with cloud testing incumbents such as BrowserStack and Sauce Labs, and with newer AI-native QA entrants.

Combines an established large-scale browser and real-device execution cloud with AI agents that author, execute and maintain tests, rather than offering either infrastructure or AI test generation alone. Additional differentiators cited include natural-language ("vibe testing") authoring, agent-testing capabilities for chatbots and voice agents, terminal/CI-native workflows via Kane CLI, and flexible shared, private and on-premise deployment.

Technology

A distributed test execution cloud offering more than 5,000 browser and OS combinations and labs with thousands of real iOS and Android devices, iOS simulators and Android emulators. On top of this sits HyperExecute for intelligent test orchestration with fail-fast aborts, intelligent retries and AI-powered root cause analysis, and multi-modal AI agents (Kane AI) that generate test plans, cases and automation from natural language and other inputs. Additional AI components handle error categorization, smart auto-healing, flakiness detection, visual regression detection and WCAG accessibility checks, with an MCP server connecting external AI tools to test data.

Go-to-market

Self-serve free sign-up combined with enterprise sales, demo bookings and professional services; community-building through the TestMu Conference, run since 2022, and analyst-report visibility (Gartner Magic Quadrant, Forrester Wave). The company also promotes 1-click migration from competing testing platforms.

Enterprise and mid-market engineering, QA and DevOps teams, including Fortune 500 and G2000 companies in financial services, insurance, travel, retail and healthcare; named customers include Dashlane, Lereta, Dunelm, Trepp and Transavia.

Geography

Offices in San Francisco (two addresses), Noida and Bengaluru in India, and Dubai; users span 130+ countries.

History

Founded in 2017 (a third-party profile lists 2018) as a cross-browser testing platform, the company expanded into automation, real device cloud, orchestration and AI-driven testing. It raised $45 million in March 2022 and a $38 million Series D in December 2024, bringing total funding to $108 million. On January 12, 2026 it rebranded from LambdaTest to TestMu AI, taking the name from its TestMu Conference, run since 2022, and moving its primary site to testmuai.com while keeping lambdatest.com operational.

Risks & controversies

Public materials describe a strategic dependence on the shift to AI-native testing, with roughly half of revenue now tied to AI products and the underlying business still resting on cloud testing infrastructure that competitors such as BrowserStack and AI-native entrants also address. Reported metrics on customer counts and users vary across sources and time periods.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Browser and OS combinations supportedDec 20245,000 combinations
Countries servedDec 2024130
Cumulative tests executed on platformDec 20241,200,000,000 tests
CustomersDec 202415,000 customers
EmployeesJan 202661 to 100
Enterprise customersJan 202618,000 customers
IntegrationsJan 2026120+
Real devices in device cloudJan 202610,000+
Share of revenue from AI productsJan 2026About half
Total funding raisedDec 2024$108M
UsersJan 20263M+ users globally
Year-over-year growthJan 2026110%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 7

by search overlap
BrowserStack515 shared keywordsBrowserStack provides a cloud-based software testing platform for scaling test automation across 3,500+ browser-device combinations on a real device cloud, aimed at development and QA teams. Its offerings cover cross-browser and browser automation testing, WCAG accessibility compliance testing, AI-driven test management, and visual testing, with integrations for major frameworks and CI/CD pipelines.
TestMu AI424 shared keywordsTestMu AI (formerly LambdaTest) is an AI-agentic quality engineering cloud that helps engineering teams automate end-to-end testing across web, mobile, and AI applications. Its products include autonomous test agents (Kane AI), agent testing for chatbots and voice assistants, AI visual testing, a real device cloud, and the HyperExecute test orchestration platform.
Sentry270 shared keywordsSentry is an application monitoring and error-tracking platform that developers integrate via SDKs to catch, root-cause, and fix errors and performance issues across development and production. It offers AI-based debugging and code review through its Seer agent, along with integrations for tools like GitHub, Slack, Jira, and Linear.
Testsigma251 shared keywordsTestsigma is a quality intelligence platform that uses AI agents to detect testing gaps at each code commit and generate self-healing automated tests across web, mobile, API, and Salesforce. It serves engineering and QA teams, scoring release confidence with a human approval step before shipping.
DataCamp248 shared keywordsDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
Educative224 shared keywordsEducative offers online courses and learning paths in software development, machine learning, and technical interview preparation. The platform serves individuals seeking to develop in-demand technology skills.
Edureka202 shared keywordsEdureka offers online courses and training programs across a range of technology and professional skills, positioned for both individual learners and corporate teams.

Companies competing with Lambdatest for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Jan 2026
LambdaTest rebrands as TestMu AI

The company changed its name to TestMu AI, adopting a full-stack agentic AI quality engineering positioning. Existing accounts, tests, configurations and integrations carried over automatically; the primary website moved to testmuai.com while lambdatest.com redirects and API endpoints remain backward compatible. The name derives from the TestMu Conference the company has run since 2022.

source ↗

Jan 2025
Named a Challenger in the 2025 Gartner Magic Quadrant

Recognized as a Challenger in Gartner's 2025 Magic Quadrant for AI-augmented software testing tools.

source ↗

Jan 2025
Recognized in The Forrester Wave: Autonomous Testing Platforms, Q4 2025

source ↗

Dec 2024
LambdaTest closes $38M Series D led by Avataar Ventures

Raised $38 million led by Avataar Ventures with participation from Qualcomm Ventures, bringing total funding to $108 million; proceeds earmarked for KaneAI, the test cloud and HyperExecute, and deeper penetration of existing markets. Avendus advised on the financing.

$38M source ↗

Jan 2024
Launch of KaneAI, an AI Native QA Agent-as-a-Service

KaneAI automates test authoring and script generation, which the company says reduces manual effort in test script generation by 40-70%.

source ↗

Mar 2022
LambdaTest raises $45 million

Press coverage reported a $45 million raise described as building the 'AWS for testers'.

$45M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
LambdatestDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Lambdatest do?
TestMu AI (formerly LambdaTest) is a cloud quality engineering platform using AI agents to test web, mobile and AI apps.
Who founded Lambdatest?
Lambdatest was founded by Mohammad Asad Khan, Jay Singh, Asad Khan, Mayank Bhola, Mudit Singh in 2019.
Who are Lambdatest's investors?
Lambdatest's investors include Entrée Capital, Peak XV Partners, Qualcomm Ventures, Titanium Ventures, Wamda Capital, Blume Ventures.
How much funding has Lambdatest raised?
Lambdatest has disclosed $4.7M raised across 1 of its 3 known rounds.
Where is Lambdatest headquartered?
Lambdatest is headquartered in San Francisco, US.