AI startup Temporal raises $550 million at $12.55 billion valuation

AI startup Temporal has secured $550 million in a late-stage funding round, more than doubling its valuation to $12.55 billion in seven months. The round was led by Lightspeed Venture Partners, with participation from Wellington Management, Goldman Sachs Alternatives, Tiger Global, SV Angel, and T. Rowe Price Associates. Existing investors including Andreessen Horowitz (a16z), Sequoia Capital, and GIC also participated.