- Companies
- Traversal
Traversal Valuation, Funding & Investors
Traversal is valued at $1B as of November 2026.
Last Traversal valuation
$1B
Series B · Nov 2026
Last Traversal funding round
$120M
Series B · Nov 2026
Cumulative funding Traversal raised
$168M
across 2 funding rounds
Key investors in Traversal
Sequoia Capital
Kleiner Perkins
Khosla Ventures
Battery Ventures
Redpoint
Amex Ventures
About Traversal
Traversal is a San Francisco-based AI company developing site reliability engineering tools for enterprises. Its platform automates infrastructure monitoring, incident response, and observability using machine learning models trained on operational data from Fortune 500 companies. Launched in 2022, Traversal integrates with Kubernetes clusters and cloud providers like AWS and Google Cloud to reduce downtime by analyzing logs and metrics in real time.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Nov 2026)
Traversal Valuation
Traversal is currently valued at $1B, based on its Series B in November 2026. Read the announcement ↗
The $120M round was led by Khosla Ventures, Kleiner Perkins and Redpoint, with participation from Amex Ventures, Battery Ventures and Sequoia Capital.
Traversal valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2026 | Series B | $1B |
Traversal Funding History
Traversal has raised a total of $168M across 2 funding rounds.
Traversal's first fundraising round was a $48M Series A in June 2025. The most recent completed round was a $120M Series B in November 2026.
Traversal funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2026 | Series B | Khosla Ventures (lead); Kleiner Perkins (lead); Redpoint (lead); Amex Ventures; Battery Ventures; Sequoia Capital | $120M | $1B | Traversal raised $120 million in a Series B round at a $1 billion valuation, announced in November 2026. The round was co-led by Kleiner Perkins, Redpoint Ventures and Khosla Ventures, with significant participation from Sequoia and Battery Ventures. Amex Ventures had made a strategic investment in the company in December 2025. Total funding now stands at $173 million, following $48 million announced when the company emerged from stealth in June 2025. Traversal said the money will accelerate its work toward self-driving production, closing the loop between writing code and keeping it running. Traversal is a New York-based company that builds an AI site reliability engineer, which uses a production world model and a causal search engine to find the root causes of production incidents and support remediation. It was founded in 2023 by Anish Agarwal, Raaz Dwivedi, Raj Agrawal and Ahmed Lone. The company reported ninefold year-to-date growth in annual recurring revenue and more than 150,000 customer investigations in its most recent quarter. |
| Jun 2025 | Series A | Kleiner Perkins (lead); Hanabi Capital; NFDG Ventures; Sequoia Capital | $48M | - | Traversal is a New York-based startup developing an AI platform for site reliability engineering (SRE) and observability, designed to autonomously detect, troubleshoot, and resolve production incidents in complex software systems using proprietary technologies like the Production World Model and Causal Search Engine. The platform reduces mean time to detection (MTTD) and mean time to recovery (MTTR) by up to 90% in some cases and by an average of 40% across enterprise clients, handling petabytes of data across siloed platforms to minimize downtime and boost engineering productivity. It is already deployed by major customers including DigitalOcean, Eventbrite, Cloudways, and undisclosed Fortune 100 financial services companies. On June 18, 2025, Traversal emerged from stealth announcing $48 million in combined seed and Series A funding, with Sequoia leading the seed round and Kleiner Perkins leading the Series A, alongside participation from NFDG Ventures (Nat Friedman and Daniel Gross), Hanabi Capital (Mike Volpi and Bryan Offutt), and notable angels in infrastructure and AI. The funding supports scaling the AI agent lab for enterprise SRE, enhancing the platform's capabilities in root cause analysis, automated alert triage, and self-healing for mission-critical systems in the AI era. Founders, including CEO Anish Agarwal, bring expertise from PhD research at MIT, Columbia, Berkeley, and Cornell, combined with industry experience from places like Citadel Securities. In March 2026, Traversal announced an additional strategic investment from Amex Ventures to further address enterprise-scale incident troubleshooting across global infrastructure. |
Who has invested in Traversal?
8 investors have backed Traversal across its funding rounds, including Sequoia Capital, Kleiner Perkins, Khosla Ventures, Battery Ventures, Redpoint and Amex Ventures.
Lead investors include Khosla Ventures, Kleiner Perkins and Redpoint.
Traversal Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2025 | ||
| 2 | Participant | Jun 2025 | ||
| 1 | Lead | Nov 2026 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
This data is available for Pro users. Sign up to see all 8 Traversal investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTraversal Competitors
Traversal competitors include listed companies like Beijing CTJ Info Tech and Appier Group, and private ones like AA-I Technologies, Adept AI, Aibee and Amperity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $70M | - | $1B | 14.3x | ||
| Publicly listed | $124M | $13M | $939M | 5.0x | ||
| Publicly listed | $277M | $43M | $860M | 2.4x |
Traversal Public Comps
Traversal is still privately-owned, but its public comps include Beijing CTJ Info Tech, Appier Group, Wenge AI, Rackspace, PKSHA Technology, Rezolve AI, Fractal Analytics, Datasection, PCITECH and Beijing Hanyi Innovation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $124M | $13M | 5.5x | 5.0x | 53.5x | 33.8x | |||
| $277M | $43M | 2.9x | 2.4x | 18.7x | 12.9x | |||
| $61M | ($20M) | 17.2x | - | (51.6x) | - | |||
| $2.7B | $244M | 1.4x | 1.5x | 15.6x | 13.4x | |||
| $138M | $46M | 3.9x | 2.2x | 11.5x | 9.8x | |||
| $47M | ($109M) | 14.7x | 2.2x | (6.3x) | (12.0x) | |||
| $351M | $50M | 3.8x | 3.4x | 26.1x | 20.2x | |||
| $212M | $27M | 2.1x | 2.1x | 16.8x | 17.0x | |||
This data is available for Pro users. Sign up to see all Traversal competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Traversal
| When was Traversal founded? | Traversal was founded in 2023. |
| Where is Traversal headquartered? | Traversal is headquartered in New York City, NY, United States. |
| Is Traversal publicly listed? | No, Traversal is a private, VC-backed company. |
| What is Traversal's valuation? | Traversal was last valued at $1B in its Series B in November 2026. |
| How much funding has Traversal raised? | Traversal has raised $168M across 2 funding rounds. |
| What was Traversal's last funding round? | Traversal's last funding round was a $120M Series B in November 2026, led by Khosla Ventures, Kleiner Perkins and Redpoint. |
| Who are Traversal's investors? | Traversal's investors include Kleiner Perkins, Sequoia Capital, Redpoint, Hanabi Capital, Amex Ventures, Battery Ventures, NFDG Ventures and Khosla Ventures. |
| Which companies are comparable to Traversal? | Companies comparable to Traversal include AA-I Technologies, Adept AI, Aibee, Amperity, Beijing CTJ Info Tech and Appier Group. |
See companies similar to Traversal
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




