Here's a wild valuation trajectory: Seattle-based software startup Temporal Technologies is negotiating fresh funding at a $5 billion valuation, according to a report Wednesday. That's double what the company was worth just three months ago.

Venture capital powerhouse Andreessen Horowitz is in discussions to lead the round, Bloomberg reported, citing sources familiar with the talks.

Following the AI Infrastructure Money

Temporal sells open source products that help companies build and manage complex software applications, with AI firms among its customers. The company crossed $100 million in annual recurring revenue last year, demonstrating solid commercial traction beyond just hype.

The rapid valuation jump reflects the broader AI infrastructure feeding frenzy, with billions flowing into startups, data centers, and the picks-and-shovels companies supporting the AI boom.

Temporal's valuation story has been climbing steadily. The company raised $146 million at a $1.72 billion valuation last year in a Tiger Global-led round. By October, that figure jumped to $2.5 billion after a $105 million raise led by Singapore's sovereign wealth fund GIC.

Temporal did not immediately respond to requests for comment.