Temporal is in talks to raise $500mn at a $12bn valuation, double February
Temporal Technologies is in talks to raise around $500 million, Bloomberg reported on Tuesday. The round would value the software startup at $12 billion or more before the new money, the news agency said. It cited people familiar with the talks.
The round has not closed, and the amount and terms could change, according to Bloomberg. Temporal did not respond to the news agency’s requests for comment. Temporal did not immediately respond to a request for comment for this story.
The proposed valuation would more than double the $5 billion figure Temporal reached in February. That round raised $300 million and was led by Andreessen Horowitz. If the new round closes at the reported floor, it would mark the second time this year the company’s valuation has doubled.
What Temporal sells
Temporal makes an open-source orchestration platform. The software sits underneath applications and keeps multi-step processes from failing partway...
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