Temporal Technologies, a Bellevue, WA-based provider of an open-source durable execution platform, has secured $146 million in Series C funding at a valuation of $1.72 billion.
Investors
The round was 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. This brings Temporal' total funding to $350 million.
Founded in 2001, Tiger Global is a New York-based investment firm focused on long-term investments in leading global companies that leverage technological innovation. It invests in both public and private companies, employing strategies in both public equity and private equity. Tiger Global has invested in hundreds of businesses across more than 30 countries and facilitated over 90 IPOs.
Temporal Technologies Use of Funds
The company will use the funds to accelerate product development for Temporal Cloud, expand its durable execution platform into AI use cases, and enhance its go-to-market strategies while continuing R&D for AI-focused capabilities.
About Temporal Technologies
Founded in 2019, Temporal Technologies specializes in building a durable execution platform, Temporal.io, and a managed service offering, Temporal Cloud. Its platform enables developers to focus on business logic without worrying about infrastructure complexity. Key features include built-in fault tolerance, scalability, support for long-running processes, and integration with other services. Its polyglot capabilities allow seamless orchestration across multiple programming languages, making it ideal for traditional enterprise applications and next-generation AI workloads. Temporal clients include Snap, Netflix, Hashicorp, Box, Datadog, and others.
Funding Details
Company: Temporal Technologies, Inc.
Raised: $146.0M
Round: Series C
Funding Date: March 2025
Lead Investor: Tiger Global
Additional Investors: StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, 137 Ventures
Company Website: https://temporal.io/
Software Category: Workflow Orchestration / Distributed Systems
Source: https://www.businesswire.com/news/home/20250330487137/en/