Temporal lands $146 million at a flat valuation, eyes agentic AI expansion

Seattle-based Temporal has made its name over the last several years in the world of microservices — specifically providing a platform to orchestrate the messy business of building and operating integrations and updates across disparate services and apps in the cloud. But the AI boom has come at the company fast. Now, Temporal has raised a growth round of $146 million to build what it believes the next chapter will be in its space: AI, and specifically building microservices to support newer areas like agentic AI. A chunk of the investment will be going into R&D. At the end of 2024, the company launched a new feature called Nexus in its Temporal Cloud platform to improve security, fault isolation and modularity, and it says it’s going to continue developing that, alongside public cloud availability for Azure, enabling more cross-cloud work, and “R&D for AI use cases.” Temporal will also be using some of the funds to invest in sales and marketing. Tiger Global is leading the round, wi ... Read full article.