Abridge
Facts
- HQ
- San Francisco, California, US
- Sectors
- Artificial Intelligence
- Founded
- 2018
- Employees
- 677
- Founders
- Shiv Rao, MD
Temporal Technologies Raises $550M Series E at $12.55B Valuation Led by Lightspeed to Scale Durable Execution
Temporal Technologies raised $550 million in a Series E at a $12.55 billion valuation to expand adoption of its Durable Execution technology, which lets long-running applications resume after failures; the round was led by Lightspeed with co-leads Wellington Management, Goldman Sachs Alternatives’ Growth Equity and Tiger Global. CEO Samar Abbas — formerly CTO and a longtime distributed-systems engineer who swapped roles with co-founder Maxim Fateev in April 2024 — said the funding addresses growing demand for reliable infrastructure for complex software and AI.
Temporal Raises $300M Series D Led by Andreessen Horowitz, Valued at $5B Amid AI Infrastructure Surge
Temporal, led by CEO Samar Abbas, raised $300 million in a Series D round at a $5 billion valuation, driven by surging demand for its durable execution infrastructure supporting AI agents. The company’s revenue grew over 380% year-over-year as it positions itself as a core infrastructure provider for the emerging AI agent platform shift.
