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. Its software is used by OpenAI, Nvidia, Netflix, Snap and JPMorgan Chase, among more than 4,300 paying customers, and its annualized revenue run rate recently passed $250 million.
It might seem like an overnight success, but it’s not, said Samar Abbas, Temporal’s co-founder…
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