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LambdaTest Closes $38 Million to Revolutionize QA with AI Native QA Agent-as-a-Service

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With this funding, LambdaTest plans to advance KaneAI, launching AI Native QA Agent-as-a-Service to transform software QA with AI-driven insights, scalable Test Cloud, and advanced HyperExecute automation.

NOIDA, India and SAN FRANCISCO, Dec. 10, 2024 /PRNewswire/ — LambdaTest, the leading cloud-based unified testing platform, has secured a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures, bringing the total funding to $108 million. This pivotal investment will accelerate LambdaTest’s mission to democratize quality engineering through innovation, and redefine industry standards for web and mobile software quality through its groundbreaking innovation, KaneAI – “AI Native QA Agent-as-a-Service” platform.

With 15,000+ customers including Fortune 500 and G2000 companies, LambdaTest has already established itself as a leader in the QA space. Its latest innovations include KaneAI, an AI-driven QA automation Agent-as-a-Service, and AI native HyperExecute platform, which enables companies to test their digital assets with speed, precision, and scalability.

HyperExecute, LambdaTest’s AI Native unified test execution and orchestration cloud, enables teams to run tests upto 70% faster than any cloud grid by running tests intelligently across multiple environments, enabling 2.5x faster test resolution and 60% quicker error detection. The latest platform, KaneAI, can help reduce manual efforts in test script generation, reducing it by 40-70%.

These GenAI-powered innovations address a pressing need for streamlined and efficient QA processes, as software development lifecycles become faster, more rigorous, and increasingly complex.

With a YoY growth of about 105%, LambdaTest has 2.3 million+ developers and testers worldwide, who rely on it to test intelligently, accelerate releases, and ship quality software with confidence and have executed more than 1.2 billion tests till date.

“KaneAI is more than a tool—it’s a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort,” said Asad Khan, CEO and Co-Founder of LambdaTest. “Our foundation in LambdaTest’s cloud-based platform gives us an edge in delivering this solution at scale, and we’re thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reshape the future of QA.”

“Asad & team are a force of nature to be reckoned with — in a short period of time they have disrupted the entire market. From creating the first AI-native, no-code QA solution (KaneAI) to launching the only truly e2e Enterprise grade, secure test orchestration platform (HyperExecute), they have totally changed the game & pulled the rug out from under existing CBT vendors. In a world where literally every industry & company is going through digital transformation, LambdaTest now becomes a must-have solution that delivers the best customer experience & accelerated time to market while also meaningfully cutting costs.”, said Nishant Rao, Founding Partner at Avataar. “We’ve been inspired to see the high quality of their growth & are super bullish for the future. Avataar’s unique #OperatingVC model will help ensure they have active support at every stage of the journey to translate their first mover advantage into becoming the global market leader (but this time Built in India for the World)!”, he added.

“As AI applications on the cloud and on devices become more prevalent, continuous testing with AI-driven automation is essential for accelerating release cycles and improving CI/CD pipeline efficiency,” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc. and Global Head of Qualcomm Ventures. “LambdaTest’s comprehensive product suite is transforming software quality assurance with AI-driven autonomous testing systems. We are excited to support their journey.”

This investment by Avataar Ventures and Qualcomm Ventures is a testament to the potential of AI-driven tools in the QA market. As companies continue to adopt cloud solutions to streamline their testing processes, LambdaTest’s comprehensive approach positions it at the forefront of QA innovation, reinforcing its leadership in a massive and evolving market.

Founded in 2017, LambdaTest has raised nearly $70 million from top investors in previous funding rounds, including Premji Invest, Sequoia Capital India, Titanium Ventures, Leo Capital Holdings, and Blume Ventures.

Note to Editors

About LambdaTest

LambdaTest is an intelligent and omnichannel software quality assurance platform that enables businesses to accelerate time to market through AI-powered cloud-based test authoring, orchestration, and execution. Over 15,000+ customers and 2.3 million+ users across 130+ countries rely on LambdaTest for their testing needs.

Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 5000+ different browsers, real devices, and operating system environments.HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.

For more information, please visit, https://lambdatest.com

About Avataar Ventures

Avataar is a growth stage, Operational VC fund partnering actively with brilliant regional Tech-led B2B & SaaS startups to Re-invent, Scale & Transform into successful, enduring global businesses. We believe in the promise of India & South-East Asia transforming into B2B product nations, building for the world! We believe in orchestrating a new Enterpreneur-VC equation for the region, where we roll up our sleeves and operate in the trenches with our founders. Together their passion & ideas, coupled with our experience & networks help accelerate each portfolio company’s scale-up success formula. For more information, please visit: http://avataar.vc/

About Qualcomm Ventures

Qualcomm Ventures, acting through Qualcomm Ventures LLC or its affiliated entities, has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. For more information, please visit: www.qualcommventures.com.

 

SOURCE LambdaTest

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AMTD’s TGE Reports Full Year Results with 27.7% Increase in Revenue, with 25.5% Increase in Total Assets and 9.1% Increase in Net Assets

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PARIS and LONDON and NEW YORK, April 29, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE” or the “Company”) (NYSE: TGE, LSE; TGE), a NYSE and LSE dual-listed company and a subsidiary of AMTD Group Inc., today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission, with summary highlights below:

Total Revenue increased by 27.7% from US$77.0 million to US$98.3 millionTotal non-GAAP Net Income increased by 3.2% from US$44.7 million to US$46.2 million Total Assets amounted to US$1,464.1 million (US$30.2/share)Net asset value amounted to US$839.1 million (US$17.3/share)

The annual report is available on the Company’s investor relations website at  http://thegenerationalessentials.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Office at ir@tge.media.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content:https://www.prnewswire.com/news-releases/amtds-tge-reports-full-year-results-with-27-7-increase-in-revenue-with-25-5-increase-in-total-assets-and-9-1-increase-in-net-assets-302757926.html

SOURCE The Generation Essentials Group

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Potatoes USA Awarded Patent for AI-Driven Social Media Monitoring and Responding

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DENVER, April 29, 2026 /PRNewswire/ — Potatoes USA, the national promotion board for U.S. potato growers and importers, has been awarded a patent (US 12,591,622 B2) for a method for monitoring and responding to social media content.

The innovative technology automates social media management, featuring AI-driven monitoring, content identification, and natural language response generation on a knowledge basis. The system may include a human-in-the-loop interface that allows for the review, editing, and approval of generated content prior to publication.

Potatoes USA uses the technology to monitor for misinformation about potato nutrition so they can respond with the correct information, educating consumers on the nutritional benefits of potatoes. Additionally, the organization uses the technology to participate in positive conversations about potatoes, joining in the vast amount of potato love on social media.

“For any company or brand trying to share information and raise awareness, it’s vital to be part of relevant conversations happening on social media. This technology allows us to participate in and, more importantly, help shape those conversations,” said Blair Richardson, CEO of Potatoes USA. “A huge number of people talk about potatoes on social media every day. The vast majority of what we see is very positive, but we also find negative and incorrect posts and comments about potatoes. Even though it’s a smaller percentage of what’s being said, it’s a key piece of our communications strategy to correct the misinformation that’s out there, debunk longstanding myths about potatoes, and educate the public on the true nutritional benefits of potatoes.”

The patented technology allows Potatoes USA to establish itself as a go-to resource on social media for potato nutrition facts, recipe inspiration, and general potato love.

About Potatoes USA
As representatives of U.S. potato growers and importers, Potatoes USA’s mission is to strengthen the demand for potatoes through marketing and research. By launching impactful marketing campaigns; coordinating regional, national, and international market and production research; and establishing new trade markets, Potatoes USA promotes the benefits of potatoes to audiences across the globe, including consumers, foodservice operators, retailers, and health professionals. For more information on America’s Favorite Vegetable, please visit PotatoGoodness.com and PotatoesUSA.com.

Media Contact
Erin Bracken
media@hillenby.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/potatoes-usa-awarded-patent-for-ai-driven-social-media-monitoring-and-responding-302757930.html

SOURCE Potatoes USA

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TERAGO to Hold Investor Conference Call to Discuss First Quarter 2026 Financial Results

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TORONTO, April 29, 2026 /CNW/ – TERAGO Inc. (“TERAGO” or the “Company”) (TSX: TGO) www.terago.ca, Canada’s 91% mmWave spectrum holder and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks and SD-WAN secure solutions today announced that it will be hosting a conference call on Wednesday, May 13, 2026, at 10:00 a.m. ET to discuss its financial results for the first quarter of 2026. The complete financial results are expected to be released after market close on Tuesday, May 12, 2026.

The Company’s results along with a presentation in connection with the conference call will be made available on the Company’s website at https://terago.ca/company/investor-relations/.

To access the conference call, please dial 888-506-0062 or 973-528-0011 and use conference ID 135943 if applicable. Please call the conference telephone number 15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through.

A replay of the conference call will be available through Wednesday, May 27, 2026 and can be accessed by dialing 877-481-4010 or 919-882-2331 and using passcode 53968.

About TERAGO
TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable and redundant connectivity including private 5G wireless networks, fixed wireless access, fiber and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SDWAN solutions, please visit www.terago.ca.

SOURCE TeraGo Inc.

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