Temporal offers open-source software and a cloud platform that enable durable execution of long-running, stateful workflows, addressing reliability challenges as AI systems operate across multiple services.

Temporal focuses on open-source software aimed at ensuring durable execution of code.

Temporal recently raised a new round of funding that valued the company at $5 billion, signaling strong investor confidence.

The latest round included Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, and others after a prior $2.5 billion valuation from an October secondary.

The company reported substantial growth metrics, including over 380% year-over-year revenue growth, a 350% rise in weekly active usage, and a 500% jump in installations, with its cloud platform handling 9.1 trillion lifetime action executions, including 1.86 trillion for AI-native customers.

Co-founders Samar Abbas and Maxim Fateev previously built Uber Cadence, with Abbas serving as CEO since 2024 and Fateev as CTO.

The Series D round, led by Andreessen Horowitz, values Temporal at $5 billion and underscores its role as a core infrastructure provider for AI agents in production.

The company raised $300 million in the Series D funding.

The round positions Temporal as a foundational execution layer for the AI era.

Notable enterprise clients include OpenAI, Netflix, JPMorgan Chase, and others, highlighting Temporal’s relevance in top-tier AI and corporate environments.

Proceeds will fuel research and development along with sales and marketing to expand Temporal Cloud and related services.

Management envisions continued growth as AI agents proliferate, aiming to be a key reliability-focused infrastructure provider for AI workloads.