Temporal raises $550m at $12.55bn to keep AI agents from failing
Temporal has raised $550m in a Series E round that values it at $12.55bn. That is more than double its valuation seven months ago. The company announced the round on 14 September.
Lightspeed Venture Partners led the round. Wellington Management, Growth Equity at Goldman Sachs Alternatives and Tiger Global were co-leads. T. Rowe Price and SV Angel also invested. Returning investors include Andreessen Horowitz, Sequoia, Index, GIC, Sapphire Ventures and Amplify.
In August, TNW reported that Temporal was in talks to raise about $500m at a $12bn valuation. The final round came in larger on both counts. Temporal was valued at $5bn in February, when it raised $300m in a round led by Andreessen Horowitz, Reuters reported.
What Temporal sells
Temporal makes open-source software that keeps applications running when something fails. Its core technology, which it calls Durable Execution, saves an application’s state at each step. If a server crashes...
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