Blitzy has raised $200 million in a new funding round, reaching a valuation of $1.4 billion, with the round led by Northzone and supported by investors including Battery Ventures and PSG.
Strategic participation also came from insurance-focused investors Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures, highlighting growing insurer interest in AI-driven development platforms.
Founded in 2023 by Brian Elliott and Sid Pardeshi, Blitzy builds autonomous software development tools designed for enterprise environments. Its platform is capable of completing months of development work independently by reverse engineering enterprise codebases, constructing knowledge graphs, and orchestrating thousands of AI agents simultaneously.
The company, which employs around 85 people, is already being used by Global 2000 firms across 10 industries, including insurance and financial services.
Blitzy plans to use the new funding to accelerate research and development, expand hiring, and deepen partnerships, particularly in highly regulated sectors where demand for secure, scalable AI solutions continues to grow.
