Temporal raises $550M, hits $12.55B valuation as agentic AI wave fuels massive growth

Temporal co-founders Samar Abbas, left, CEO, and Maxim Fateev, CTO. (Temporal Photo) Temporal has raised $550 million in a Series E funding round that values the Bellevue, Wash.-based infrastructure startup at $12.55 billion, more than double its valuation from earlier this year as demand explodes for reliable agentic AI systems in production. The massive round is among the largest venture capital investments in the Pacific Northwest this year and was led by Lightspeed, with co-leads Wellington