Code Metal has secured $36.5 million in Series A financing. This milestone positions the Boston-based company for its next phase of growth as it accelerates the adoption of verifiable AI-powered code translation across mission-critical industries. Accel led the round, valuing the company at $250 million.
With its platform already deployed across the defense, automotive, and semiconductor sectors, the company is on track to deliver revenue in the eight figures this year, as customers rely on its technology for rapid feature development, code modernization, and portability in environments with stringent safety and regulatory requirements.
Code Metal was created to solve a long-standing limitation in AI adoption for highly regulated software development, providing provably correct code translation capabilities that were previously impossible due to the accuracy constraints of traditional AI systems.
The funding round brings a notable coalition of strategic and institutional investors. Alongside Accel, new backers include RTX Ventures, Bosch Ventures, Smith Point Capital, Overmatch VC, and AE Ventures. The round also features support from influential executives and investors, including Chaos Industries CEO John Tenet, biomedical entrepreneur Paul Schimmel, GovForce CEO Kendall Collins, telecommunications pioneer Robert Cohn, and defense investor Chris Heinz. Existing investors Shield Capital and J2 Ventures increased their commitments, with continued support from Fulcrum Venture Group. The capital will enable Code Metal to scale its verification-driven AI platform, deepen partnerships across regulated industries, and meet the growing market demand for robust and compliant code translation.
Code Metal’s approach integrates formal methods with AI to ensure that every translated line of code is optimized, tested, compliant, and suitable for deployment in safety-critical environments. This verifiable foundation has enabled the company to gain traction with organizations that have historically been unable to adopt AI due to concerns about accuracy, reliability, and auditability. The company is also preparing to finalize several major contracts that it expects to announce soon, reflecting what investors describe as an unusually rapid level of enterprise adoption for a company with such deep technical sophistication.
KEY QUOTES:
“Vibe coding helps software teams build MVPs fast. But it doesn’t address our customers’ needs: writing zero-error production code onto hardware. Helping industries like auto and defense not get left behind by AI: that isn’t purely an AI problem. It’s where multiple disciplines meet, and that’s where Code Metal operates. Revisiting the industries where I began, and demonstrating real impact in production, has been a full-circle moment. The momentum we’re seeing speaks for itself.”
Peter Morales, Founder And CEO Of Code Metal
“In sectors like healthcare, finance, and defense, precision isn’t a luxury, it’s required. Code Metal understands that the next generation of AI infrastructure will depend on language and hardware working in sync. Their approach combines deep technical rigor with a practical understanding of how real industries operate.”
Steve Loughlin, Partner At Accel
“We see Code Metal as a transformative enabler for the next generation of intelligent, connected systems. Code Metal’s AI-driven approach to code translation and deployment at the edge directly supports Bosch Ventures’ vision of bringing greater automation, reliability and scalability to industrial and mobility applications.”
Adam Jackson, Partner At Bosch Ventures
“Shield Capital’s additional commitments reflect our continued enthusiasm for both Code Metal’s AI-enabled code translation technology, which has immense value for defense and commercial customers; and the company’s already-established track record of delivering results, such as speeding code translation from weeks to days for L3Harris across several projects.”
Michael Brown, Partner At Shield Capital
“It’s rare to see a company of this technical complexity get adopted this quickly in enterprise. The round was well timed, because there is a huge amount of demand for Code Metal’s technology. We have a lot more to share with the world very soon.”
Alexander Harstrick, Co-Founder Of J2 Ventures
