The HRTech Wire

Traversal Raises $120M Series B

Traversal, an AI-driven site reliability engineering platform, has raised $120 million in a Series B round at a $1 billion valuation. Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round, with Sequoia Capital, Battery Ventures and Amex Ventures also participating. The company says the funding brings its total to $173 million and will go toward self-driving production systems and expanding its research, engineering and go-to-market teams.