Temporal Raises $75M in Series B Funding

Temporal, a Seattle, WA-based leader in durable execution systems, raised $75M in Series B-Prime funding.

The round, which brought total funding to over $200M, was led by Greenoaks with participation from Amplify Partners, Index Ventures, Sequoia Capital, Madrona, and Addition Ventures.

The company intends to use the funds to accelerate investment in its open source community and cloud service.

Led by CEO Maxim Fateev, Temporal provides a durable execution system that enables the correct execution of software services and applications. It allows teams to manage an application’s state at scale, monitor the execution of application logic in real-time, and push updates and changes without downtime. Temporal delivers visibility and control into any end-to-end business process or customer workflow that drives a business, and presents an abstraction layer that ensures any process – such as a financial transaction, fulfillment of an order, customer interaction, or any operation workflow – will complete accurately and reliably.

With Temporal, developers code in their language of choice and call the Temporal Server to manage and monitor the execution of defined workflows. SDKs are available for Go, Python, PHP, TypeScript, and Java. The software is available under the open-source MIT license and can be adopted freely by anyone, anywhere. Alternatively, developers can use Temporal Cloud, which delivers the value as a service, greatly simplifies the deployment and management of the server, and allows developers to take advantage of direct Temporal expertise and support.

Platform and application teams at companies like Netflix, Snap, Stripe, and Coinbase use it to run application functions as workflows to take full advantage of distributed systems.