Inside Temporal’s journey to a $12.55B valuation, and its bet on building a backbone for AI agents

Temporal co-founders Maxim Fateev, CTO (left), and Samar Abbas, CEO. (Temporal Photo) One of the hottest infrastructure companies in AI today is a startup established nearly seven years ago, tracing its roots to work its founders were doing before the cloud was a thing. Temporal , based in Bellevue, Wash., announced this week that it raised $550 million at a $12.55 billion valuation , led by Lightspeed, more than doubling its $5 billion valuation in February.