Total amount raised
$203.5 Millions
Latest funding date
02/01/2023
Location
Temporal Technologies has successfully raised significant funding through multiple rounds, with notable investors such as 137 Ventures and Sequoia Capital backing the company. The platform offers durable execution solutions that ensure applications never lose state, even in the face of failures.
Keep reading to explore the intricacies of Temporal Technologies' fundraising journey and the investors supporting this innovative platform.
What Is Temporal Technologies?
Temporal Technologies, founded in 2019 by Maxim Fateev and Samar Abbas, is headquartered in Bellevue, Washington. The company operates in the Information Technology, Internet, Open Source, and Software industries.
With an employee count ranging from 51 to 100, Temporal Technologies provides an open-source platform designed to simplify the development of scalable and resilient applications. Their technology ensures that applications never lose state, even in the face of failures, making it a valuable tool for organizations aiming to enhance productivity and maintain system consistency.
How Much Funding Has Temporal Technologies Raised?
- Seed Round
- Amount Raised: $6.8M
- Date: November 2019
- Lead Investors: Amplify Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of their platform.
- Series A
- Amount Raised: $18.8M
- Date: October 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series B
- Amount Raised: $103M
- Date: February 2022
- Lead Investors: Index Ventures
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To enhance product offerings and expand market reach.
- Series B Prime
- Amount Raised: $75M
- Date: February 2023
- Lead Investors: Greenoaks
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To accelerate investment in the open-source community and cloud service.
Total Amount Raised: $203.6M. Current Valuation: $1.5 billion.
Key Investors
- Greenoaks
- Details: Greenoaks is a venture capital firm that focuses on technology companies with the potential for significant growth and market impact. They have a reputation for long-term investments in innovative companies.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Stripe, Discord, Robinhood.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies at all stages of development. They are known for their extensive portfolio and successful exits.
- Investment Focus Areas: Technology, e-commerce, fintech, enterprise software.
- Notable Investments: Dropbox, Slack, Robinhood.
- Sequoia Capital
- Details: Sequoia Capital is one of the most prominent venture capital firms, investing in seed, early, and growth-stage companies across various sectors. They have a history of backing some of the most successful tech companies.
- Investment Focus Areas: Technology, healthcare, consumer services, financial services.
- Notable Investments: Apple, Google, WhatsApp.
- Amplify Partners
- Details: Amplify Partners specializes in early-stage investments in enterprise technology, including infrastructure, data, and developer tools. They focus on companies that are building the next generation of technology solutions.
- Investment Focus Areas: Enterprise technology, infrastructure, data, developer tools.
- Notable Investments: Datadog, Fastly, Gremlin.
- Madrona Venture Group
- Details: Madrona Venture Group focuses on early-stage technology companies, particularly in the Pacific Northwest. They have a strong track record of supporting companies from inception through growth stages.
- Investment Focus Areas: Cloud computing, machine learning, SaaS.
- Notable Investments: Amazon, Smartsheet, Redfin.
What's Next for Temporal Technologies?
Temporal Technologies stands at the cusp of significant growth opportunities, driven by the increasing demand for microservices orchestration platforms. With a valuation of $1.5 billion and a recent $75 million funding round, the company is well-positioned to expand its market presence and customer base. The platform's ability to simplify the development of distributed systems and manage application states is attracting major companies like Netflix, Snap, and Comcast.
Future fundraising opportunities appear promising, given the strong investor confidence and the company's growth trajectory. Temporal's focus on enhancing its open-source community and cloud service could attract further investments, enabling the company to scale its offerings and enter new markets. However, challenges such as competition from other orchestration platforms and the need for continuous innovation may pose hurdles along the way.
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