Traversal AI raises $120M at $1B valuation to build self-maintaining production software; Varda opens at $3B valuation; Nous Research launches Hermes mobile beta.

VC & Fundraising · 2026-11-04

Traversal AI secured $120M in funding at a $1B valuation to develop self-maintaining production software. Varda opened at a $3B valuation, while Nous Research launched a mobile beta for Hermes.

Previously on Telem

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