Traversal raises $120 million at $1 billion valuation to fight software outages

Poin penting

• Software company Traversal has successfully raised $120 million in its latest funding round, securing a valuation of $1 billion.
• The firm plans to use the capital to combat software outages.
• The investment underlines an increasing demand for artificial intelligence solutions in enterprise software, which focus on boosting overall reliability and operational efficiency.

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