Temporal raises $75M to ease the development of stateful, cloud-native apps
Summary
Software execution system startup Temporal Technologies Inc. said today it has closed on a $75 million round of funding that will be used to help grow the community around its cloud service.The funding, which comes just over a year after the company raised $103 million in a Series B round, was led by Greenoaks, with participation from existing investors Amplify Partners, Index Ventures, Sequoia Capital, Madrona and Addition Ventures.Temporal is the creator of a durable execution system that software engineering teams can use to take full advantage of distributed, cloud-native technologies such as software containers. To make these apps more useful, they must become stateful, which means providing them with an underlying, persistent storage layer, such as a database management system.For developers, the task of instilling state in stateless apps is a major headache, and theyre often forced to bolt together complex infrastructure such as databases, queues and schedulers. It offers a database under the hood, with the key benefit being that users arent exposed to it. Rather, they just interact with it by writing and running code.Temporal then takes care of the distributed application challenges automatically. Over the last year, it added almost 300 new customers, it said.Amplify Partner Lenny Pruss said that Temporal is one of his organizations most interesting investments because it has the potential to make an impact on multiple markets and fundamentally alter the way companies approach application and service delivery.
Funding
Review available funding amount, funding date, investors, and linked company information related to Temporal raises $75M to ease the development of stateful, cloud-native apps in the interactive ISVWorld profile.