Deepinder Goyal-Founded Temple Raises $54 Million; Valued at $190 Million

Temple, a wearable technology startup founded by Deepinder Goyal, has raised $54 million in a funding round that values the company at about $190 million post-money. The capital raise comes weeks after Goyal indicated he would step back from daily operations at Eternal to focus on other ventures. 

While the company has not officially disclosed its investors, news reports suggested participation from Steadview Capital, Vy Capital, Info Edge and Peak XV Partners. More than 30 employees of Temple also invested in the round at the same valuation. 

Product Under Development 

Founded just over a year ago, Temple is developing a wearable patch designed to sit on a user’s temple. The device is intended to monitor brain flow continuously in real time through proxy measurements. 

The company is also working on integrating the tracking of multiple physiological indicators, similar to those captured by existing wearable health devices in global markets. 

Separate Structure 

Temple operates independently from Continue, Goyal’s research-focused initiative, which has received around $25 million in personal funding. Continue is focused on scientific work rather than commercial product development. 

Goyal is also involved in LAT Aerospace and remains a shareholder in Ultrahuman, a company that produces health-tracking wearables such as smart rings. All these ventures function as separate entities. 

Investor Continuity 

Several institutional investors linked to Temple have had prior associations with Goyal’s earlier ventures. Info Edge was an early financial backer in 2010, while Peak XV Partners led a $35 million Series A investment in 2013. 

Steadview Capital and Vy Capital have also supported Goyal’s previous businesses. 

Use of Funds 

The funds raised are expected to support ongoing product development and operational needs until the device is ready for broader release. 

Read More: LAT Aerospace, Backed by Zomato Founder Deepinder Goyal, Acquires Sharang Shakti! 

Conclusion 

The funding comes as Temple continues to work on its wearable device. The product remains under development and has not yet been introduced to users at scale. 

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