Temporal Raises $550M Series E at $12.55B Valuation to Expand Operations
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Temporal announced a $550 million Series E at a $12.55 billion valuation on September 14, 2026, in a round co-led by Lightspeed with Wellington Management, Growth Equity at Goldman Sachs Alternatives, and Tiger Global. T. Rowe Price and SV Angel also participated, and returning investors include a16z, Sequoia, Index, GIC, Sapphire Ventures, and Amplify, according to the company’s announcement. Temporal said the funding will go toward growing its global operations, deeper investment in the core primitives underneath its platform, and reliability and security work that its enterprise customers have requested. The company said its team has doubled to 570 people over the past year. Chief executive Samar Abbas framed the round around reliability as a foundation for AI-era software. “Reliability has never been optional, but AI has quickly raised the cost of skipping it, and developers need a foundation for that built in from day one, not bolted on afterward,” he said in the announcement. “This round is a bet that far more of the world’s most demanding software is going to be built on it.” Temporal reported that its annualized revenue run rate is up more than 200% year over year and that net dollar retention has stayed above 200% since February 2026. The platform processed 1.9 trillion billable actions in August, a figure the announcement described as up more than 350% year over...
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The letter noted leadership changes as well: Preeti Somal moved from vice president of engineering to senior vice president of engineering, Tim Hughes moved from vice president of sales to senior vice president of sales, Kate Caufield stepped into the senior vice president of people role, and Hien Phan joined as the company’s first vice president of product marketing.
