Seattle-based Temporal has raised $146 million in a Series C funding round to enhance its microservices platform, particularly targeting developments in AI and agentic AI. The new investment will primarily support research and development, especially regarding their new Nexus feature aimed at improving security and modularity across cloud services. The funding round, led by Tiger Global with previous investors like Index Ventures and Sequoia Capital, increases Temporal's total funding to $350 million and values the company at $1.72 billion post-money.
"With this Series C, Temporal has now raised $350 million. The company’s valuation with this round is $1.72 billion post-money, a very little bit up," CEO Samar Abbas stated.
"The AI boom has come at the company fast, leading us to raise a significant growth round of $146 million to support advancements in agentic AI and microservices."
"A chunk of the investment will be going into R&D, particularly focused on developing our new Nexus feature to improve security and modularity across cloud services."
"Tiger Global is leading the round, with previous backers like Index Ventures and Sequoia Capital participating, emphasizing strong investor confidence in Temporal's innovation and growth potential."
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