Temporal Technologies, a Seattle, WA-based inventor of open-source durable execution platforms Temporal.io and Temporal Cloud, raised $146M in funding, at $1.72 Billion valuation.
The round was led by Tiger Global with participation from StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, and 137 Ventures.
The company intends to use the funds to accelerate product development for its enterprise-grade managed service Temporal Cloud and expand the reach of its durable execution platform beyond mission-critical workloads in payments, e-commerce, air travel, and disruptive digitally native companies, and into AI use cases of all types.
Temporal provides an open-source durable execution platform that guarantees the execution of complex workflows even in the face of system failures and allows developers to focus entirely on business logic. Its polyglot capabilities allow orchestration across multiple programming languages, making it ideal for both traditional enterprise applications and next-generation AI workloads. Temporal Cloud, the company’s managed service backed by the originators of the project, has been adopted by over 2,500 customers globally,
Temporal recently added B2B software veteran Jim Cyb as President to lead go-to-market efforts and announced the appointment of Sahir Azam, Chief Product Officer of MongoDB, as its first independent board member.
FinSMEs
31/03/2025