Temporal raises $550M Series E at $12.55B valuation as agentic AI demand lifts revenue past $250M ARR
Temporal raised $550 million in a Series E at a $12.55 billion valuation as demand for agentic AI systems drives rapid growth; its annualized revenue run rate recently surpassed $250 million, up over 200% year-over-year. The Bellevue-based open-source platform, co-founded by Samar Abbas and Maxim Fateev, doubled headcount to 570 to support major customers like OpenAI, NVIDIA, Netflix and JPMorgan Chase using its durable execution engine for multi-step AI workflows.
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TMore: The SaaS News, FinSMEs, Puget Sound Business Journal, Forkast, Dealroom.co, Yahoo! Finance
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The SaaS News / Ben Murray: Temporal raises $550M Series E at $12.55B valuation to scale durable execution platform
- FinSMEs: Temporal Raises $550M Series E at $12.55B Valuation Led by Lightspeed, Wellington, Goldman Sachs Alternatives and Tiger Global
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Puget Sound Business Journal / Rick Morgan: Bellevue’s Temporal raises $550M Series E at $12.55B valuation, doubling since February
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Forkast / Blair Hayes: Temporal Raises $550M Series E at $12.55B Valuation as Durable Execution Platform Gains Traction
- Dealroom.co: Temporal raises $550M Series E at $12.55B valuation as AI infrastructure demand grows
- Also at: Yahoo! Finance
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