Temporal Completes $550M Series with $12.55B Valuation, Led by Lightspeed Venture Partners

Huo Xing Finance reports, according to Reuters, that AI startup Temporal has announced a $550 million late-stage funding round, more than doubling its valuation to $12.55 billion in seven months. 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. Existing investors Andreessen Horowitz (a16z), Sequoia Capital, and GIC continued to participate. The funds will be used to expand global operations and deepen platform development. Founded in 2019, Temporal develops open-source software that helps applications—including AI agents—recover from failures, reducing the need for engineers to write custom recovery code. Its customers include OpenAI, Snap, Nvidia, Netflix, and JPMorgan Chase. The company has 570 employees and an annualized revenue run rate exceeding $250 million, more than tripling year-over-year. In February this year, the company raised $300 million in a round led by a16z at a $5 billion valuation.