Temporal Raises $75 Million in a B-prime Round at $1.5 Billion Valuation

Temporal Technologies is a durable execution system startup that provides correct and reliable execution of software services and applications. The company helps developers write and run back-end software and monitor the execution of application logic in real time.

The new funding round was led by the new investor Greenoaks with participation from Amplify Partners, Index Ventures, Sequoia Capital, Madrona, and Addition Ventures. The company intends to use the fresh funding to accelerate investment in its open-source community and cloud service.

Temporal, Bellevue, Washington, United States, was founded in 2019 by Maxim Fateev and Samar Abbas. Platform and application teams at companies like Netflix, Snap, Stripe, and Coinbase use Temporal to run application functions as workflows to take full advantage of distributed systems. “Temporal simplifies the development process by shifting complex, error-checking code, retry processes, and state management to a central platform, so developers don’t have to manage these complexities,” said Maxim Fateev, Temporal CEO and co-founder. “My co-founder Samar and I have been building a durable execution framework for the better part of 15 years, and much of that work is foundational to Temporal.”

Previous Post

Skydio Raises $230 Million in a Series E Round at $2.2 Billion Valuation

Next Post

NoBroker Raises $5 Million in a Series E Round at a Valuation of about $1.06 Billion

Related Posts