Traversal raises $120M at a $1B valuation to fix what AI code breaks

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…