Overview
- Tempo led a $25 million raise for open-source infrastructure firm Commonware in a strategic partnership focused on speeding blockchain payments.
- The collaboration will integrate Commonware’s modular library of primitives for consensus, networking, and storage, with Tempo becoming a core contributor.
- Tempo says the integration targets sub-250 millisecond finality for a globally distributed, permissionless payments system.
- Commonware, founded in 2024, reports seven employees, four paying customers, and profitability; the new valuation was not disclosed but is described by its founder as a significant increase over a $63 million seed valuation reported by PitchBook.
- The deal follows Tempo’s early expansion that includes acquiring Ithaca, hiring Ethereum researcher Dankrad Feist, growing headcount to roughly 40–50, and assembling design partners such as OpenAI, Anthropic, and Shopify after a prior $500 million fundraise at a reported $5 billion valuation.