Temporal, which makes open-source software that helps apps, including AI agents, recover from failure, raised $550M led by Lightspeed at a $12.55B valuation (Anhata Rooprai/Reuters)

Temporal, a company specializing in open-source software designed to help applications, including AI agents, recover from failures, has successfully raised $550 million in a recent funding round. This investment was led by Lightspeed, and the funding round has significantly increased Temporal's valuation to $12.55 billion. This late-stage funding more than doubles the company's previous valuation.