Traversal raises $120M at a $1B valuation to fix what AI code breaks
Traversal, a New York-based startup, closed a $120 million Series B led by Kleiner Perkins, Redpoint Ventures, and Khosla Ventures, with participation from Sequoia Capital, Battery Ventures, and Amex Ventures. The funding valued the company at $1 billion. Traversal's AI agents diagnose reasons for software failures in enterprise systems.
Key points
- $120M Series B round at $1B valuation
- Led by Kleiner Perkins, Redpoint Ventures, Khosla Ventures
- AI agents detect and diagnose software failures in enterprises
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