Temporal Technologies Raises $146M at $1.72B Valuation to Revolutionize AI and Enterprise Workloads with Durable Execution
In a landmark funding announcement, Temporal Technologies, the creators of the open-source durable execution platform Temporal.io and Temporal Cloud, has secured $146 million in Series C funding, bringing its post-money valuation to an impressive $1.72 billion. This round was spearheaded by Tiger Global, with participation from notable investors including StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, and 137 Ventures. With this latest infusion, Temporal’s total funding now stands at $350 million, positioning the company as a leader in reliable and scalable software infrastructure.
Accelerating Innovation for AI and Enterprise Applications
The fresh capital will be instrumental in propelling product development for Temporal Cloud, the company’s enterprise-grade managed service, while expanding its durable execution platform into emerging use cases across industries. Historically known for powering mission-critical workloads in sectors such as payments, e-commerce, air travel, and disruptive digitally native companies, Temporal is now poised to tackle the burgeoning demand for AI-driven workloads.
To support this ambitious expansion, Temporal plans to double down on its go-to-market strategies and ramp up investments in research and development tailored for AI applications. Key areas of focus include enhancing reliability, security, and usability to drive broader developer adoption. Notable initiatives encompass improving the developer experience, advancing Nexus, a durable RPC solution, enabling public cloud availability for Azure, and facilitating cross-cloud and hybrid deployment solutions. Additionally, Temporal is developing targeted capabilities specifically designed for AI use cases.
Transforming Modern Software Development
At its core, Temporal is redefining how modern software is built by ensuring the seamless execution of complex, long-running workflows—even in the face of system failures. This empowers developers to concentrate solely on crafting business logic without grappling with the intricacies of distributed systems. Thousands of leading enterprises, including Snap, Netflix, Hashicorp, Box, and Datadog, rely on Temporal to simplify their operations and ensure applications run reliably at scale. Moreover, Temporal plays a pivotal role in driving AI initiatives across industries, from foundational projects at major AI labs to chip manufacturers and Fortune 500 companies undergoing AI modernization.
“Temporal’s unique programming model, open-source foundation, and out-of-the-box reliability guarantees make it the obvious choice as our agentic backend,” said Stefan Petrica, Director of Engineering at Sinch. “We refuse to be locked into single-purpose tools that don’t integrate with our existing tech stack, and our developers love the flexibility Temporal offers.”
Hypergrowth and Developer Adoption
Since its founding in 2019, Temporal has witnessed explosive growth, with more than 183,000 weekly active open-source developers leveraging its platform. To date, Temporal has been deployed across 7 million unique clusters, reflecting a staggering 600% increase in developer adoption over the past 18 months. Meanwhile, Temporal Cloud has attracted over 2,500 customers globally, achieving a remarkable 4.4x revenue growth during the same period and boasting a Net Dollar Retention rate of 184%. The platform is delivered under an MIT license, making it accessible to developers worldwide.
This rapid ascent underscores the growing importance of failure-proof software in today’s digital landscape. In particular, Temporal has seen significant traction within the AI community, with hundreds of new AI startups, prominent research labs, and major chip manufacturers adopting its platform. Many prefer Temporal over purpose-built AI tools due to its proven reliability in production environments and seamless compatibility with existing infrastructures.
A Vision for the Future of Software Reliability
“Developers shouldn’t have to worry about failures, retries, or timeouts when building applications,” emphasized Samar Abbas, co-founder and CEO of Temporal. “This funding enables us to further our mission of making execution reliability the default standard, whether for traditional enterprises or next-generation AI-driven workloads. While others are racing to create single-purpose tools, our general-use architecture is proving far more effective for AI workflows while integrating seamlessly with existing systems. We deliver production-grade resilience and reliability to every agentic workload out of the box—without added complexity or overhead.”
Temporal’s polyglot capabilities allow it to orchestrate applications and functions written in any supported programming language, bridging the gap between cutting-edge AI technologies and legacy systems. This feature is especially valuable for traditional enterprises seeking to modernize through AI but facing challenges posed by outdated technologies.
Leadership Expansion to Fuel Growth
To bolster its leadership team, Temporal recently appointed Jim Cyb, a seasoned B2B software veteran, as President to oversee go-to-market efforts. Additionally, the company welcomed Sahir Azam, Chief Product Officer of MongoDB, as its first independent board member, underscoring its commitment to scaling effectively.
As organizations increasingly prioritize resilient software solutions, Temporal Technologies is uniquely positioned to lead the charge. With robust funding, a thriving developer community, and a clear vision for the future, Temporal is set to transform both traditional enterprise workloads and the rapidly evolving world of artificial intelligence.
About Temporal
Temporal is changing how modern software is built through its open-source Durable Execution platform. By guaranteeing the execution of complex workflows even in the face of system failures, Temporal allows developers to focus entirely on business logic rather than infrastructure complexities—increasing developer velocity. Its polyglot capabilities allow seamless orchestration across multiple programming languages, making it ideal for both traditional enterprise applications and next-generation AI workloads. Temporal Cloud, the company’s managed service backed by the originators of the project, has been adopted by thousands of leading enterprises. Learn more at www.temporal.io.
