2024 Revenue
$120.6M(Est.)
Customers
500K
Funding
$9M
Avg ACV
$241
Team
356
Founded
2017
LambdaTest Revenue & Funding (2024)
LambdaTest generated an estimated $120.6M in annual revenue in 2024. Source: GetLatka estimate
LambdaTest is a software company that provides a cloud-based testing platform for web and mobile applications. Their platform allows developers and testers to perform automated and manual testing across various browsers, operating systems, and devices, helping them to ensure their applications work seamlessly for all users. LambdaTest's solutions include automated testing, visual regression testing, and real-time testing tools that enable businesses to improve their web and mobile application quality and reduce time-to-market. The company was founded in 2018 and is based in San Francisco, California, with offices in India and the United Kingdom.
Last updated
LambdaTest Revenue
In 2024, LambdaTest's revenue reached $120.6M. The company previously reported $89M in 2023. Since its launch in 2017, LambdaTest has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | LambdaTest Hit $120.6m revenue in October 2024 | Estimated |
| 2023 | LambdaTest Hit $89m revenue in December 2023 | Estimated |
| 2020 | LambdaTest revenue in 2020: $1.1m | Not recorded |
| 2017 | Launched with $0 revenue |
LambdaTest Valuation, Funding Rounds
LambdaTest has not publicly disclosed its valuation. The company has raised $9M in total funding to date.
LambdaTest has raised $9M in total funding across 3 rounds, most recently a $6M Series A round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Series A | $6M | - | - | Not recorded |
| 2019 | Seed | $2M | - | - | Not recorded |
| 2018 | Seed | $1M | - | - | Not recorded |
Founder / CEO
Customers
LambdaTest serves 500K customers.
LambdaTest Employees & Team Size
LambdaTest employs approximately 356 people as of 2026, including 7 sales reps that carry a quota. It serves 500K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 356 employees (October 2024) | Not recorded |
| 2023 | Reached 356 employees (July 2023) | Not recorded |
| 2020 | Reached 118 employees (December 2020) | Not recorded |
| 2020 | Reached 66 employees (June 2020) | Not recorded |
| 2020 | Reached 70 employees (January 2020) | Not recorded |
| 2019 | Reached 67 employees (December 2019) | Not recorded |
| 2018 | Reached 51 employees (December 2018) | Not recorded |
Frequently Asked Questions about LambdaTest
What is LambdaTest's revenue?
As of 2024, LambdaTest generated an estimated $120.6M in annual revenue.
Who founded LambdaTest?
LambdaTest was founded by Asad Khan.
When was LambdaTest founded?
LambdaTest was founded in 2017.
Who is the CEO of LambdaTest?
The CEO of LambdaTest is Asad Khan.
How much funding does LambdaTest have?
LambdaTest raised $9M across 3 rounds.
How many employees does LambdaTest have?
As of 2024, LambdaTest had 356 employees.
Where is LambdaTest headquartered?
LambdaTest is headquartered in San Francisco, California, United States.
Compare LambdaTest to the industry
LambdaTest operates across multiple industries. Browse revenue, funding, and growth data for LambdaTest in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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