PANews, September 14: According to Reuters, AI startup Temporal announced the completion of a $5.5 billion late-stage funding round, with its valuation more than doubling in seven months to $12.55 billion. The round was led by Lightspeed Venture Partners, with Wellington Management, Goldman Sachs Alternatives’ Growth Equity, and Tiger Global as co-lead investors. SV Angel and T. Rowe Price Associates’ advisory accounts also participated, while existing investors Andreessen Horowitz (a16z), Sequoia Capital, and GIC continued to invest.
AI startup Temporal completes $550 million funding round, valuation exceeds $12.55 billion
PANewsShare
Summary
Temporal secured $550 million in a late-stage funding round, pushing its valuation above $12.55 billion—a more than 100% increase in seven months. Lightspeed Venture Partners led the round, joined by Wellington Management, Goldman Sachs Alternatives’ Growth Equity, and Tiger Global. SV Angel and T. Rowe Price advisory accounts also participated, along with existing investors Andreessen Horowitz, Sequoia Capital, and GIC. The surge in funding reflects strong investor confidence amid shifting market sentiment and a Fear & Greed Index trending toward optimism.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.