Blitzy raises $200 million at $1.4 billion valuation
Updated
Updated · Crunchbase News · May 5
Blitzy raises $200 million at $1.4 billion valuation
6 articles · Updated · Crunchbase News · May 5
Cambridge, Massachusetts-based startup said Northzone led the round, with PSG, Battery Ventures, Jump Capital and strategic investors including Liberty Mutual Strategic Ventures participating.
Blitzy says its platform can autonomously handle months of software development, testing and quality validation, and is used by dozens of Global 2000 companies including State Street and QAD.
Founded in 2023, Blitzy joins a wave of heavily funded AI coding companies as enterprises seek tools to speed software development and manage complex legacy codebases.
How can enterprises prevent catastrophic security flaws as AI autonomously writes their most critical software?
If autonomous AI handles 80% of coding, what becomes the new, essential role for human engineers?