In a significant early-stage boost, wearable technology startup Temple has secured $54 million in its first funding round. The investment values the company at a post-money valuation of around $190 million as founder Deepinder Goyal prepares to scale operations and expand access to users.
The fundraise comes weeks after Goyal announced he would step back from day-to-day operations at Eternal to focus more on his other ventures. While he did not name investors in this round, a report dated December 2 had earlier stated that Steadview Capital, Vy Capital, Info Edge and Peak XV Partners, among others, had backed the startup.
The latest funding round also saw participation from founder friends, early backers, and over 30 Temple employees.
“More than 30 Temple employees participated in the round, at par valuation. No discount. Their own money. That’s the kind of belief you can’t buy,” Goyal said in a social media post on February 27.
Founded just over 1 year ago, Temple is developing what it calls an experimental wearable device. The product is a small patch that sticks to a person’s temple and is designed to continuously monitor brain flow in real time using proxy measurements.
The device is also expected to track multiple biomarkers, similar to other global wearable brands, but with greater precision. Goyal has described Temple as the “ultimate wearable for elite performance athletes.”
Temple operates independently from Goyal’s health research venture Continue, which he funds personally with an investment of around $25 million so far. He also runs LAT Aerospace and Eternal, with all 4 ventures functioning separately.
Goyal is also a shareholder in Ultrahuman, known for smart rings and health-tracking devices, highlighting his growing focus on health-tech and performance monitoring.
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