2024 Revenue
$120.6M
Customers
500K
Funding
$9M
YOY
35.5%
Avg ACV
$241
Team
356
Founded
2017
How LambdaTest CEO Asad Khan grew LambdaTest to $120.6M revenue and 500K customers in 2024.
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 | Quote |
|---|---|---|
| 2024 | LambdaTest Hit $120.6m revenue in October 2024 | |
| 2023 | LambdaTest Hit $89m revenue in December 2023 | |
| 2020 | LambdaTest Hit $1.1m revenue in January 2020 | |
| 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 | Quote |
|---|---|---|---|---|---|
| 2020 | Series A | $6M | - | - | |
| 2019 | Seed Round | $2M | - | - | |
| 2018 | Seed Round | $1M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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 |
|---|---|
| 2024 | Reached 356 employees (October 2024) |
| 2023 | Reached 356 employees (July 2023) |
| 2020 | Reached 118 employees (December 2020) |
| 2020 | Reached 66 employees (June 2020) |
| 2020 | Reached 70 employees (January 2020) |
| 2019 | Reached 67 employees (December 2019) |
| 2018 | Reached 51 employees (December 2018) |
Frequently Asked Questions about LambdaTest
What is LambdaTest's revenue?
LambdaTest generates $120.6M in revenue.
Who founded LambdaTest?
LambdaTest was founded by Asad Khan.
Who is the CEO of LambdaTest?
The CEO of LambdaTest is Asad Khan.
How much funding does LambdaTest have?
LambdaTest raised $9M.
How many employees does LambdaTest have?
LambdaTest has 356 employees.
Where is LambdaTest headquarters?
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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