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Traversal announces $120 million in new funding at a $1 billion valuation

Traversal said it raised $120 million to expand its AI site-reliability engineering product, with Kleiner Perkins, Redpoint and Khosla co-leading. The $1 billion figure is its stated valuation, not the amount raised. Reported adoption, revenue growth and customer returns come from the company and its selected quotes.

Traversal

Funding

Funding & Deals

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Primary source · Traversal / Business Wire · November 3, 2026

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