Temporal Technologies said on Monday it has raised $146 million in a fresh funding round led by investment firm Tiger Global, valuing the software firm at $1.72 billion. The new capital will go into product development for Temporal Cloud and the company said it will continue to invest in research and development for artificial intelligence use. Venture capital funding has remained muted in the early months of 2025, with financing for a few AI startups contributing to a potential rebound.