Overview
- Temporal disclosed Monday that it closed a $550 million Series E led by Lightspeed with co-leads Wellington Management, Goldman Sachs Growth Equity, and Tiger Global.
- The company says the round more than doubled its February valuation to $12.55 billion and brings total capital raised to about $1.2 billion.
- Temporal reported an annualized revenue run rate above $250 million, net dollar retention over 200 percent, more than 4,300 paying customers, 1.9 trillion billable actions in August, and over 43 million open-source installs.
- The firm will use the funds to grow global operations and invest in core platform work focused on reliability and security so enterprises can run long-running, failure-resilient AI workflows.
- Built on open-source roots by founders who led messaging and workflow systems at Amazon, Microsoft and Uber, Temporal supplies 'durable execution' that preserves state and automates recovery for multi-step applications and AI agents, a capability investors see as critical to production AI systems.