Temporal Raises $103M Series B Led by Index Ventures, Valuation Tops $1.5B

Temporal raised $103 million in a Series B led by Index Ventures, pushing its total funding past $120 million since 2019 and valuing the company above $1.5 billion; funds will expand the team, grow the open-source community, and build out Temporal’s cloud features. Founded by Maxim Fateev and Samar Abbas, Temporal provides an MIT-licensed platform for application state management that evolved from their prior work on AWS Simple Workflow, Durable Task Framework, and Uber Cadence.

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