A16z leads $300m series D for US software startup Temporal
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A16z leads $300m series D for US software startup Temporal. Temporal, a US-based software startup, has raised US$300 million in a series D funding round led by Andreessen Horowitz, valuing the company at US$5 billion. The funding follows a secondary round in October that valued the company at US$2.5 billion. Existing investors, including Sequoia Capital, Lightspeed Venture Partners, and Sapphire Ventures, also participated. Founded in 2019, Temporal develops open-source software and cloud services that ensure reliable execution of code, allowing applications to recover after failures without custom recovery logic. The company's platform is used by AI firms like OpenAI, and other clients such as Netflix, JPMorgan Chase, and Snap. Food for thought. Implications, context, and why it matters. Temporal's business model delivers multi-million dollar savings (in a case study). * Temporal keeps its core software open-source under an MIT license, with some software development kits (SDKs) under Apache 2.0. Revenue comes from its managed cloud service with consumption-based pricing 1, 2. * Pricing covers "Actions" such as starting a workflow, plus data storage and support plans. The entry-level plan starts at $100 per month 3. * In one Temporal case study based on a single Temporal Cloud client, a company could save $2.25 million a year after moving to Temporal Cloud. The...
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