Temporal is in talks to raise $500mn at a $12bn valuation, double February

Temporal is negotiating a $500 million financing that would value its open-source orchestration platform at $12 billion, more than doubling the $5 billion valuation from its February $300 million Series D round. The company’s workflow engine, used by OpenAI, Replit, Nordstrom and others, enables resilient multi-step processes and AI agents, and its annual recurring revenue has surpassed $100 million with 380 percent year-on-year growth.