capital · May 22, 2026
$1.4 Billion AI Startup Blitzy Is Taking On Claude Code and Codex
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Blitzy raised $200 million at a $1.4 billion valuation on May 5, 2026, led by Northzone. Co-founders Brian Elliott and Sid Pardeshi met at Harvard; the platform uses collaborative AI agents to handle weeks-long development tasks on large enterprise codebases. The round included PSG, Battery Ventures, and Liberty Mutual following a $4.4 million seed round in 2024 from Link Ventures, Bessemer, Flybridge, NFX, Picus, and Asymmetric. Blitzy has been adopted by dozens of Global 2000 enterprises and scores 66.5% on SWE-Bench Pro.
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