Autonomous software development startup Blitzy Inc. announced a $200 million funding round at a $1.4 billion valuation. The company aims to expand its enterprise coding platform.
The firm was founded in 2023 by CEO Brian Elliott, a former Army Ranger and serial entrepreneur, and Sid Pardeshi, an Nvidia Corp. master inventor with over 27 patents in neural networks and image generation.
Blitzy's platform is designed for large enterprises with complex legacy codebases. The system reverse-engineers existing environments to build a dynamic knowledge graph. It then orchestrates thousands of coding agents in parallel, running uninterrupted for days or weeks. The platform can handle codebases from 1 million to over 100 million lines and calls on AI models from Google, Anthropic, and OpenAI more than 100,000 times per run.
The company reports a fivefold improvement in engineering velocity for some clients. Its platform is now used across dozens of Global 2000 enterprises in 10 industries. On the SWE-Bench Pro coding benchmark, Blitzy scored 66.5%, which it claims surpasses recent releases from major competitors.
CEO Brian Elliott said the funding validates the need for a more autonomous approach to enterprise software development. The company has more than doubled its headcount in the past six months. It plans to use the capital to expand its research team, scale go-to-market operations, and push deeper into regulated sectors like government, financial services, and insurance.
The round was led by Northzone, with participation from PSG, Battery Ventures, Jump Capital, Morgan Creek Digital Assets, and others. Strategic investments came from Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures.