Traversal Raises $120M at $1B Valuation for AI Site Reliability Agents
Traversal, a New York startup, raised $120 million in a Series B round at a $1 billion valuation, bringing its total funding to $173 million. Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round, while Sequoia Capital, Battery Ventures and Amex Ventures also participated. Traversal’s AI agents investigate production incidents, test possible causes and suggest fixes. The company said Nubank, Harvey, DigitalOcean, PepsiCo and American Express use its technology.
The financing reflects investor interest in applying AI agents to site reliability engineering, including diagnosing incidents and testing possible causes. Traversal argues that AI is writing software faster than people can keep it running and that this software is also harder to fix.
Traversal, a New York startup whose AI agents find out why company software breaks, has raised $120 million in a Series B round. The deal values it at $1 billion, the company announced on Tuesday.
Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round. Sequoia Capital, Battery Ventures and Amex Ventures also took part, and Kleiner Perkins and Sequoia both increased their stakes. Traversal has now raised $173 million in total.
Its argument is that AI is writing code faster than people can keep it running. Co-founder and chief executive Anish Agarwal told Forbes that this new software is also harder to fix.
#Traversal#Kleiner Perkins#Redpoint Ventures#Khosla Ventures#Sequoia Capital#Battery Ventures#Amex Ventures#Nubank#Harvey#DigitalOcean#PepsiCo#American Express