Blitzy Raises $200M at $1.4B Valuation to Accelerate AI-Driven Software Development for Enterprises

Cambridge-based autonomous coding startup Blitzy has closed a $200 million funding round led by Northzone, valuing the company at $1.4 billion. Battery Ventures, PSG, and Jump Capital joined as new investors, alongside strategic backers including Liberty Mutual Strategic Ventures and Erie Strategic Ventures.

Founded in 2023 by CEO Brian Elliott, a former Army Ranger, and CTO Sid Pardeshi, an Nvidia alumnus holding over 27 neural network patents, Blitzy claims its platform autonomously handles months of software development work and increases engineering velocity fivefold for large enterprises. The company said frontier AI models alone cannot solve enterprise development challenges, requiring deep integration with legacy codebases.

Dozens of Global 2000 companies across ten industries, including State Street, have already adopted the platform.