Temporal Technologies Secures $550M in Series E Funding at $12.5B Valuation
Temporal Technologies has raised $550 million in a Series E funding round led by Lightspeed Venture Partners, achieving a valuation of $12.5 billion. The investment also includes co-leaders Wellington Management and Goldman Sachs Alternatives' Growth Equity arm, with participation from T. Rowe Price, SV Angel, and returning investors like a16z and Sequoia. The open-source application platform is used by major companies such as OpenAI, Netflix, and JPMorgan Chase to build reliable applications that can withstand failures. Temporal reported an annualized revenue run rate exceeding $250 million, with year-on-year growth of over 200%. The company also noted a significant increase in open-source installations and usage metrics. Temporal plans to use the new capital for R&D expansion, global operations scaling, and growing its workforce. This latest funding follows previous rounds including a $300M Series D at a $5B valuation (February 2026) and a $146M Series C in March 2025.
