Facts
- HQ
- Silicon Valley
- Sectors
- Venture capital, Technology, Defense
- Founded
- 2009
- Founders
- Marc Andreessen, Ben Horowitz
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.
Bellevue’s Temporal raises $550M Series E at $12.55B valuation, doubling since February
Bellevue app-development startup Temporal raised $550 million in a Series E at a $12.55 billion valuation, roughly doubling its worth since a February round and signaling investor focus on leading AI-related companies. Founded in 2019, Temporal employs about 375 people, counts more than 4,300 clients including OpenAI and Netflix, and offers tools to help developers build more reliable back-end and AI applications.
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.
Temporal Raises $550M Series E at $12.55B Valuation Led by Lightspeed, Wellington, Goldman Sachs Alternatives and Tiger Global
Temporal, a Seattle-based provider of an open-source durable execution platform, raised $550M in a Series E at a $12.55B valuation to expand global operations, R&D, go-to-market teams, and infrastructure. The round was led by Lightspeed, Wellington Management, Goldman Sachs Alternatives Growth Equity, and Tiger Global, with participation from major investors including a16z, Sequoia, and T. Rowe Price.
Pro.com co-founders Subramanian, Williams and ex-BofA CIO Zachary Harl launch OnTrade, an AI startup for wealth managers backed by General Catalyst and Madrona
Pro.com co-founders Rajalakshmi “Raji” Subramanian and Matt Williams, with Zachary Harl, launched OnTrade, an AI startup for wealth management that has been building in stealth since 2024 and is backed by General Catalyst, Madrona and angels to deploy AI agents that automate advisors' analytical tasks while keeping human approval.
Flock Safety, backed by a16z and Tiger Global, rises to $8.3B valuation and $500M ARR while facing misuse and privacy allegations
Flock Safety, a security-tech company providing license-plate cameras, video, gunshot detection, drones and AI search to law enforcement and homeowners associations, has grown to operate in over 5,000 communities across 49 states and raised about $500 million at an $8.3 billion valuation while claiming $500M in ARR. The company now faces privacy and civil-liberties controversies after reports that officers misused camera data to stalk people and shared data across jurisdictions.
Castelion raises $1B Series C to scale hypersonic missile production; Muon Space closes Series C to accelerate satellite builds
Hypersonic missile maker Castelion and satellite startup Muon Space each closed Series C funding rounds to speed production—Castelion raised $1 billion to scale hypersonic strike missile manufacturing; Muon Space secured capital to accelerate satellite production and deployment.
TIME Releases 2026 Ranking of America’s 350 Top Venture Capital Firms Using Fundraising, Investments, Performance, and Leadership Metrics
TIME is publishing its second annual ranking of America’s 350 Top Venture Capital Firms, based on a 2026 methodology that weights fundraising, investments, performance, and leadership. The piece highlights VC’s outsized role in U.S. market capitalization and R&D, noting nearly $3.5 trillion in global VC assets and the industry’s opaque nature for allocators and founders.
Relay.ai Shuts Down; Founder Jacob Bank Rejoins Google as Chrome VP — Paid Accounts End Sept. 14, 2026
Relay, an AI workflow automation startup founded by Jacob Bank, is shutting down: free accounts lost access on August 15 and paid workspaces will be terminated on September 14, 2026. Bank is rejoining Google as VP of Product for Chrome, marking his second return after selling his earlier startup Timeful to Google in 2015.
Garry Tan says declining Peter Thiel’s $70,000 offer to join Palantir’s founding team was a $2–4 billion mistake
Y Combinator CEO Garry Tan said on The A16z Show he regrets turning down Peter Thiel's offer to join Palantir's founding team — a decision he calls a "$2–4 billion mistake" after staying at Microsoft and later joining Palantir as employee No. 10. Palantir has grown into a roughly $420 billion company and Tan reflected that he prioritized what seemed "hot" at the time over joining his Stanford fraternity peers who co-founded the firm.
Fierce Biotech Tracker: InduPro raises $77M Series B; Vaderis nets $152M Series B to advance cancer and rare-disease candidates
Fierce Biotech's fundraising tracker lists biotech venture rounds of $50M+ for August, highlighting InduPro's $77M Series B to advance its bispecific ADC IDP-001 into a phase 1 trial and Vaderis Therapeutics' $152M Series B to fund a phase 3 study of AKT inhibitor engasertib for hereditary hemorrhagic telangiectasia.
Coinbase Gets ADGM FSP to Launch Securities Tokenization Hub; Unitree IPO Allotment and Corma $60M Seed Round Announced
Coinbase received an FSRA Financial Services Permission in ADGM to build an international securities tokenization hub enabling tokenized stocks with wallet-based investor access; Unitree Technology announced 19,414 lottery winners for 500-share IPO allocations each; cybersecurity startup Corma closed a $60 million seed round and deployed its AI model to major companies.
Former OpenAI CPO Kevin Weil Seeks $150M at $750M Valuation for New AI Science Startup
Kevin Weil, a former OpenAI chief product officer, is seeking to raise $150 million at a valuation of at least $750 million for a new AI-for-science startup aimed at gathering scientific data for AI models. His fundraising highlights a broader trend of senior OpenAI and Google alums forming startups to apply AI to accelerate scientific discovery.
Hadrian raises $1.37B in Series D to expand automation-intensive factories, company plans more sites
Hadrian, a six-year-old company that builds automation-intensive factories for precision parts and components, raised $1.37 billion in Series D equity financing to expand and add more facilities. The firm currently operates four sites and has additional factories planned.
Anthropic signs $10 billion, six-year cloud compute deal with Volta to power Claude models
Anthropic has signed a $10 billion, six-year cloud compute deal with AI cloud startup Volta to power future Claude models, with Bitdeer partnering to build a 133-megawatt Nvidia-powered data center in Norway. Volta, founded in 2026 and backed by investors including Andreessen Horowitz and Nvidia, markets itself as a vertically integrated AI infrastructure provider that raised about $300 million and reached a $2.4 billion valuation.
US Startups Raised $19.44B in July 2026 as Late-Stage Mega-Rounds Drive $12.26B; Joulent Tops with $1.75B
US startups raised $19.44B across 492 companies in July 2026, led by late-stage mega-rounds that pushed late-stage funding to $12.26B and concentrated capital in 65 rounds of $50M+ that made up $15.87B. AI companies dominated (196 firms, $13.08B), while energy infrastructure saw several large raises including Joulent ($1.75B) and Commonwealth Fusion Systems ($1.0B); California led with $10.49B.
Big AI Bets Split Venture Capital; Felix Capital Falls $150M Short of $600M Fundraising Goal
Venture capital is splitting over large AI investments as investors demand proof of returns and access to top-tier AI companies, leaving smaller funds struggling to raise new capital; Felix Capital is reported $150 million short of a $600 million target.
HappyRobot raises $150M Series C led by Prysm Capital, valued at $1.2B to scale agentic AI for enterprise operations
HappyRobot raised $150 million in a Series C led by Prysm Capital and co-led by Eurazeo, valuing the company at $1.2 billion post-money to scale its agentic AI for enterprise operations. Its platform deploys AI agents across voice, email, documents and web to automate workflows, with over 150 customers reporting metrics like 28,000 hours automated monthly, 9.4/10 CSAT, 70% autonomous resolution, and 10x operational capacity.
Mariana Minerals Raises $310M Series B Led by Khosla Ventures, Bringing Total to ~$400M
Mariana Minerals, a San Francisco software-first critical minerals company, raised $310M in a Series B led by Khosla Ventures with broad participation, bringing its total funding to about $400M to expand operations and development.
Mariana Minerals Raises $310M Series B Led by Khosla Ventures to Scale AI-Driven Copper and Lithium Operations
Mariana Minerals raised $310 million in a Series B led by Khosla Ventures (with a16z and Breakthrough Energy Ventures among others) to scale its AI-driven vertically integrated copper and lithium mining and refining operations in the U.S., bringing total funding to about $400 million.
Mariana Minerals valued at $1.5 billion as CEO Turner Caldwell, backed by Khosla and a16z, pushes software-driven mining for critical metals
Mariana Minerals, a software-focused mining startup led by CEO Turner Caldwell, aims to remake mining for a metals-driven economy by targeting lithium, copper, aluminum and other critical minerals needed for electrification. The company is now valued at $1.5 billion and says its software backbone will generalize across many metals to reduce input costs and address supply-chain risks dominated by China.
Fly.io raises $25M Series D co-led by Dell Technologies Capital and Intel Capital to expand AI-agent infrastructure
Fly.io, a San Francisco cloud infrastructure company focused on AI agents, raised $25 million in a Series D round co-led by Dell Technologies Capital and Intel Capital to expand its specialized compute platform for agentic AI applications.
Etched raises $300M Series C at $10.3B valuation — Sequoia leads after previously rejecting Harvard-dropout founders
Etched raised $300 million in a Series C led by Sequoia Capital on July 23 at a $10.3 billion valuation, claiming a transformer-only chip (Sohu) that the company says offers a ~20x inference speedup over Nvidia H100 and has over $1 billion in signed customer contracts.
Anduril seeks new funding at about $100 billion valuation amid Seattle expansion and protests
Anduril is seeking a new funding round that could value the defense contractor at about $100 billion as it rapidly expands engineering and maritime operations in the Seattle area, where protests have arisen over its work on AI-enabled military systems.
Anduril Industries in talks to raise capital at about $100 billion valuation after $5B Series H pushed value to $61B
Anduril Industries is reportedly in early talks to raise a new funding round valuing the defense AI firm at about $100 billion, nearly doubling its $61 billion post-money valuation from a Series H closed two months earlier. The company, founded in 2017 by Palmer Luckey, has rapidly increased valuations through large rounds including $2.5B in June 2025 and a $5B Series H in May 2026.
