Temporal, founded by Samar Abbas and Maxim Fateev, has seen significant growth, with revenues increasing 4.4x over the past 18 months and its open-source platform boasting 183,000 active users. The company serves clients like Box, Instacart, Snap, Stripe, and Nvidia, with a focus on AI-driven microservices. Despite slower growth compared to previous years, Temporal is expanding its workforce and pushing into EMEA and Asia-Pacific regions. Abbas, now CEO, emphasizes the importance of durable execution in long workflows, a niche Temporal continues to pioneer amidst growing competition.
Key takeaways:
- Temporal has raised $146 million in a Series C funding round led by Tiger Global, bringing its total funding to $350 million and its valuation to $1.72 billion.
- The company plans to use the funds for R&D in AI use cases, expanding its Temporal Cloud platform, and investing in sales and marketing.
- Temporal's platform is used by companies like Box, Instacart, Snap, Stripe, and Nvidia for microservices orchestration, with a growing focus on AI applications.
- Temporal's growth has slowed compared to previous years, with revenues up 4.4x in the past 18 months, and the company plans to expand its workforce and push into EMEA and Asia-Pacific regions.