Another December Markdown

Temporal Technologies has raised over $200 million since 2019, and boasts being used by Netflix, Doordash, Snap, Box, Stripe, Hashicorp, Coinbase and others. By providing an open-source way to write and run reliable cloud applications Temporal Technologies has created a name for themselves and even had a valuation of $1.5 billion, garnering interest and acceptance into the Prime Unicorn Index.


Brief financing history: The company raised their Seed round at the end of 2019, by March of 2021 Temporal raised another $18+ million for Series A. Fast forward 9 months, Temporal announced a Series B round led by Index Ventures and that the Company’s valuation is north of $1.5 billion.

December 2022 Markdown: The Prime Unicorn Index had Temporal Technologies valued at $1.58 billion which even matches what the company stated in their press release at the time. One year later and consistent with the rest of the market, Temporal Technologies filed a document that caused the Prime Unicorn Index to mark Temporal’s valuation down by 47%. The Company has since extended their Series B, by raising an additional $76 million (all terms and prices stayed the same). The Prime Unicorn Index has the post money valuation around $880 million, which will unfortunately jeopardize their unicorn status and placement within the Index at next reconstitution.

The Prime Unicorn Index is currently tracking 160 companies with valuations of $1 billion or more to be considered into the index. Components must be headquartered in the U.S. and be privately held. For more information on the Prime Unicorn Index, please visit