Temporal lands $146 million at a flat valuation, eyes agentic AI expansion

The Seattle-based Temport has named its name over the past few years in the world of small services-especially the provision of a platform for organizing chaotic works represented in building and operating integration and updates via services and different applications in the cloud. But the artificial intelligence boom came in the company quickly. Now, Temporal has sparked a $ 146 million growth round to build what you think will be in its area: AI, specifically building microscopic services to support the latest areas such as Agency AI.

Part of the investment will go to research and development. At the end of 2024, the company launched a new feature called Nexus on its cloud platform to improve security and isolating faults and model, and says it will continue to develop this, as well as the availability of the general cloud of Azur, allowing more cross -cutting, and “R&D for AI”. Temporas will also use some money to invest in sales and marketing.

Tiger Global leads the tour, with the participation of the former supporters who include Index Ventures (which led the series B) and Sequoia Capital (which led the series A). With this chain C, Temport now raised $ 350 million.

The tour is great, but the devil is in the details. Techcrunch realizes that the company’s evaluation of this tour is $ 1.72 billion after money-“a little-a little-as the CEO and co-founder Samar Abbas.

The previous company was funded – the B series of $ 75 million was announced in February 2023 – with a fixed evaluation of $ 1.5 billion. Before that, there was a report on the Prime Unicorn Index that the evaluation decreased to $ 880 million, a number that the company did not confirm.

ABBAS and his co -founder Maxim Fateev (CTO) began after the couple worked together in Uber, where they jointly developed Cadence, and the source Uber source designed to direct requests and mediate interactions between different precise services.

Knowing that the need to manage microscopic services is better that extended to many organizations, the husband saw an opportunity to strike on his own, generated time.

The platform of overlapping microscopic services precedes the noise around artificial intelligence. Customers have been using it since 2019 to help manage jobs and procedures that combine many different applications – payment processing, customer customers, request management, identification verification, and infrastructure management among them.

Nevertheless, though, though, the services that were built on artificial intelligence, specifically to fill the Aunet Ai – that combines language models to work with data and cross them from a number of other services in artificial intelligence factors designed for specified use cases – appeared as a major use of accurate services.

The current customer list of the company is not only talking about the companies used by the Temporal platform to manage any Microservice, Legacy or otherwise, but also those that you already use for artificial intelligence specifically. The menu includes a box, Instacart, Snap and Stripe, as well as NVIDIA.

NVIDIA is a noticeable name in that big list. A year ago, GPU GIANT announced the fine service software platform called NIM to simplify the deployment of artificial intelligence models (both of which are dedicated and pre -trained) in production environments. One of the latest developments in the small services platform included helping its customers to develop artificial intelligence agents to address confidence and safety.

The time is still growing, albeit as not at the speed he used in the past. The company TECHCRUNCH has told the revenue that has risen 4.4x in the past 18 months; This is compared to more than 20x growth, the company has claimed during the 12 months to February 2023. The company, which is now managed by institutions, is now demanding 2,500 customers.

There is no argument that the “durable implementation”, the category by ABBAS and Fatev, is the least box of GHibli-style AI photo generators. But the need to perform the long workflow tasks reliably, and other teams have entered this field since then, such as restarting the workflow and symbol.

Abbas, CEO of Temporal, was since he and Fateev exchanged their roles in April last year. With “zero reports”, Fateev is now responsible for technology and a long -term vision. Abbas said: “I am the person who discovers the steps that we need to take to present this task.”

These steps include the number of increasing employees from about 250 employees to more than 300 employees in the coming months, in addition to “a large payment in Europe, the Middle East and Africa [Asia-Pacific & Japan]He said.