Overview
- Blitzy, which said Tuesday it raised $200 million at a $1.4 billion valuation, builds software that ingests a company’s codebase, maps system dependencies, and then plans, writes, tests, and updates production code by orchestrating multiple models such as Gemini and GPT-5.5.
- Northzone led the financing, joined by PSG, Battery Ventures, Jump Capital, and strategic investors from Liberty Mutual, Erie, and BAL, with prior backers NFX, Link Ventures, and Flybridge participating.
- The company reports adoption by dozens of Global 2000 firms across 10 industries and names customers including State Street, QAD, Builders FirstSource, and Mexico’s insurer GNP.
- CEO Brian Elliott says enterprise packages typically range from $1 million to $10 million a year at about 20 cents per line of code, and some clients pay up to $250,000 for an initial evaluation.
- Company and investor case studies describe rapid delivery, including a project that shipped 500,000 lines of production code in a month and another modernization finished in six weeks that had been scoped for two years with 300 hires.