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# Temporal raises $550m at $12.55bn to keep AI agents from failing

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 1 upvotes · 0 comments

## Summary

Temporal has raised $550m in a Series E round led by Lightspeed Venture Partners, valuing the company at $12.55bn, more than double its $5bn valuation seven months earlier. Temporal sells Durable Execution technology that keeps applications and AI agents running through failures by saving state at each step, so work resumes where it left off after crashes or outages. The open-source core is free; Temporal Cloud is the paid managed offering. Annualised revenue run rate has passed $250m, up over 200% year on year, with net dollar retention above 200% since February. Temporal Cloud processed over 1.9 trillion actions in August, up 350% year on year, serving 4,300+ paying customers including OpenAI, Snap, Nvidia, Netflix, JPMorgan Chase, Anysphere (Cursor), Lovable, Scale AI, Salesforce and Shopify. OpenAI's usage grew 60-fold in under a year. Workforce has doubled to 570 people, and total funding now stands at about $1.2bn. Rivals in the space include Inngest, Trigger.dev and Restate.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/temporal-550m-series-e-12-55bn-valuation-lightspeed>

## Questions this post answers

### What is Temporal's Durable Execution and why do AI agent companies use it?

Durable Execution is Temporal's core technology that saves an application's state at each step of a workflow, so if a server crashes or an external service stops responding, the task resumes where it left off instead of failing entirely. This matters for AI agents that run for hours or days and call many tools and systems, since each additional step is another potential point of failure. Customers using it include OpenAI, Anysphere (maker of Cursor), Lovable, and Scale AI.

_Teams building long-running AI agents track infrastructure choices like this via daily.dev._

### How much funding has Temporal raised and what is its latest valuation?

Temporal raised $550m in a Series E round valuing the company at $12.55bn, led by Lightspeed Venture Partners with co-leads Wellington Management, Goldman Sachs Alternatives Growth Equity, and Tiger Global. This more than doubles its $5bn valuation from a $300m round seven months earlier, and brings total funding raised to about $1.2bn since the company's 2019 founding by Samar Abbas and Maxim Fateev.

_Developers deciding which workflow infrastructure vendor to bet on can follow funding signals like this on daily.dev._

### How much has OpenAI's usage of Temporal grown?

OpenAI's use of Temporal has grown 60-fold in under a year, according to Temporal's own announcement. Temporal Cloud overall processed more than 1.9 trillion actions in August, up over 350% year on year, and now serves more than 4,300 paying customers including Snap, Nvidia, Netflix, and JPMorgan Chase.

_Engineers gauging how battle-tested a workflow platform is can track adoption metrics like this on daily.dev._

## Similar posts on daily.dev

- [Temporal is in talks to raise $500mn at a $12bn valuation, double February](https://daily.dev/posts/temporal-is-in-talks-to-raise-500mn-at-a-12bn-valuation-double-february-xvgxvjlll) · The Next Web · 0 upvotes · 0 comments
- [Temporal drives demand for Durable Execution](https://daily.dev/posts/temporal-drives-demand-for-durable-execution-hqhjfpyjl) · Temporal · 0 upvotes · 0 comments
- [Temporal raises secondary funding, reaching $2.5B valuation](https://daily.dev/posts/temporal-raises-secondary-funding-reaching-2-5b-valuation-vguwyq8y1) · Temporal · 1 upvotes · 0 comments

---

Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#workflow-orchestration](https://daily.dev/tags/workflow-orchestration)

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