LambdaTest has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding to $108 million. The company plans to use this investment to advance KaneAI, an AI-driven QA automation Agent-as-a-Service platform, and its AI native HyperExecute platform. LambdaTest aims to revolutionize software quality assurance (QA) with AI-driven autonomous testing systems, transforming the industry standards for web and mobile software quality. The company has already established itself as a leader in the QA space, serving over 15,000 customers including Fortune 500 and G2000 companies.