Traversal announced a $120 million Series B round at a $1 billion valuation on November 3, 2026, to accelerate its work toward self-driving production systems and expand hiring across research, engineering and go-to-market roles. Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round, with participation from Sequoia Capital, Battery Ventures and Amex Ventures. Earlier backers Kleiner Perkins and Sequoia increased their investments. Total funding now stands at $173 million…