What does Temporal Technologies do?
Temporal Technologies develops an open-source durable execution platform that ensures the reliable execution of complex, mission-critical workflows across various programming languages. Its managed service, Temporal Cloud, provides customers with a robust solution for building resilient applications.
How much did they raise?
The company secured $146M in a series c round, led by Tiger Global with participation from StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, and 137 Ventures, achieving a valuation of $1.72B.
What are their plans for the money?
The funding will be used to accelerate product development for Temporal Cloud and broaden the adoption of its durable execution platform into industries beyond traditional sectors, including payments, e-commerce, air travel, and emerging AI use cases. This strategic investment is expected to enhance operational resilience and drive innovation across the industry.
What have they achieved so far?
Temporal Technologies has made significant progress with over 2,500 customers globally using Temporal Cloud, and recent leadership additions, including the appointment of B2B software veteran Jim Cyb as President and Sahir Azam as an independent board member, underscore its strong market position and growth trajectory.
