Overview
- Blitzy, which on Tuesday announced a $200 million raise at a $1.4 billion valuation, said Northzone led the deal with participation from PSG, Battery Ventures and strategic arms of Liberty Mutual and Erie.
- The company’s platform maps a client’s entire codebase and then uses outside models such as Gemini and GPT-5.5 to plan, write, test and update production code end to end.
- Blitzy reports adoption by “dozens” of Global 2000 firms and names State Street, QAD, Builders FirstSource, Galatea Associates and Mexico’s insurer GNP among customers.
- Pricing targets large, complex projects, with evaluation fees up to $250,000 and annual engagements often ranging from about $500,000 to $10 million.
- The startup cites outcomes such as 500,000 lines of code shipped without manual edits and a six-week legacy overhaul, though these examples are customer anecdotes rather than independently verified results.