Funding round
Temporal Series B
Temporal, which works in durable execution platform development in Bellevue, raised $100M in a Series B round announced on 16 Feb 2022, led by Index Ventures, at a $1.50B post-money valuation. 5 firms took part. It is Temporal's third venture round on record; the one before was a Series A in Oct 2020.
$100M
Amount raised
$1.50B
Post-money valuation
5
Investors
1 lead
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Temporal at $1.50B after the new money. The $100M bought investors about 6.7% of the company. It came 16 months after Temporal's Series A. It is 8.2% of the $1.23B Temporal has raised in the venture rounds on record. Temporal raised again 37 months later: a Series C round of $146M in Mar 2025, at $1.72B post-money.
Temporal's funding rounds
Temporal has 7 venture rounds on record. This one is highlighted.
- Seed 15 Oct 2020, led by Amplify Partners $6.8M
- Series A 15 Oct 2020, led by Sequoia Capital $19M
- Series B this round 16 Feb 2022, led by Index Ventures $100M$1.50B post-money
- Series C 31 Mar 2025, led by Tiger Global $146M$1.72B post-money
- Growth 1 Oct 2025, led by GIC $105M$2.50B post-money
- Series D 17 Feb 2026, led by Andreessen Horowitz $300M$5.00B post-money
- Series E 14 Sep 2026, led by Lightspeed Venture Partners, Wellington Management and Goldman Sachs Alternatives $550M$12.55B post-money
Investors
Who put money in
Index Ventures led the round with 4 other firms.
Lead investor
- Index Ventures backs 353 venture-backed companies
Also in the round
- Sequoia Capital backs 589 venture-backed companies
- Amplify Partners
- backs 142 venture-backed companies
- Addition Ventures
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,022 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Feb 2022 | $200M | $1.45B | Kora and SoftBank Vision Fund |
| Tech Companies | 7 Feb 2022 | $200M | $1.45B | Kora and SoftBank Vision Fund |
| Cohere Tech Companies | 15 Feb 2022 | $125M | not disclosed | Tiger Global |
| Tech Companies | 24 Feb 2022 | $111M | not disclosed | Insight Partners |
| Tech Companies | 17 Feb 2022 | $100M | not disclosed | Warburg Pincus |
| Tech Companies | 2 Feb 2022 | $90M | not disclosed | Five Arrows Growth Capital |
| Tech Companies | 2 Feb 2022 | $70M | not disclosed | Insight Partners |
| Tech Companies | 14 Feb 2022 | $70M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Temporal raise in its Series B round?
Temporal raised $100M in its Series B round, announced in Feb 2022.
Who led Temporal's Series B round?
Index Ventures led it, with Sequoia Capital, Amplify Partners, Madrona and Addition Ventures.
What was Temporal's valuation at the Series B round?
$1.50B post-money.
How does it compare with other Series B rounds in Tech Companies?
1,022 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median.
Did Temporal raise again after this round?
Yes: a Series C round in Mar 2025 of $146M at $1.72B post-money.