Temporal Raises $103M in Series B
Temporal has successfully raised $103M in a Series B at a $1.5B valuation led by Greenoaks Capital, Amplify Partners, Sequoia Capital, Addition, Madrona Venture Group.
Company Overview
Temporal is a Developer Tools company headquartered in 13809 Research Boulevard, Austin, TX 78750, founded in 2019 with 200+ employees.
Microservices orchestration platform
Fundraising Details
- Amount Raised: $103M
- Round Type: Series B
- Valuation: $1.5B
- Date: 2024-02-29
- Investors: Greenoaks Capital, Amplify Partners, Sequoia Capital, Addition, Madrona Venture Group
About Temporal
Microservices orchestration platform The company is positioned in the Developer Tools sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 13809 Research Boulevard, Austin, TX 78750
- Founded: 2019
- Team Size: 200+
- Industry: Developer Tools
What This Means
This funding round demonstrates strong investor confidence in Temporal's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Developer Tools sector continues to attract significant investment as companies innovate to meet evolving market demands. Temporal's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.5B valuation marks an important milestone for Temporal, positioning the company among notable players in the Developer Tools industry.
Looking Ahead
With this new capital, Temporal is well-positioned to execute on its growth strategy and continue building innovative solutions in the Developer Tools space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-02-29. For more information about Temporal, visit their headquarters at 13809 Research Boulevard, Austin, TX 78750.
