Temporal in Talks to Double Valuation to $5 Billion as AI Booms

Software startup Temporal Technologies Inc. is in advanced talks to raise fresh capital at a $5 billion valuation, double what it was worth in a financing just three months ago, according to people familiar with the matter.

Venture firm Andreessen Horowitz is in discussions to lead the round, said the people, who asked not to be identified discussing private information.

Temporal’s value has been quickly climbing since it raised $146 million at a $1.72 billion valuation last year in a deal led by Tiger Global. That valuation rose in October to $2.5 billion in a secondary financing led by GIC, Singapore’s sovereign wealth ...