⚡ Breaking
Code Metal closes $125M Series B led by Salesforce Ventures Boeing, Bosch, NVIDIA on the customer list $177M+ raised in three years 66 employees in Boston Founders out of MIT Lincoln Lab and BAE Systems Verifiable AI code translation, MISRA C to CUDA Code Metal closes $125M Series B led by Salesforce Ventures Boeing, Bosch, NVIDIA on the customer list $177M+ raised in three years 66 employees in Boston Founders out of MIT Lincoln Lab and BAE Systems Verifiable AI code translation, MISRA C to CUDA
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Company Dossier · Yespress Files

Code Metal

A Boston AI lab convincing language models to write code that won't crash a fighter jet, a satellite, or a Bosch dishwasher.

AI Edge Computing Verifiable Defense Tech Series B Boston, MA
Photo: Codemetal.ai. The logo, on a yellow note we definitely did not steal from somebody's desk.
Cold Open

Somewhere over the Pacific, a wing flexes.

Inside that wing is software. The software runs on a chip nobody outside a small procurement office has heard of, in a language a small number of engineers still write fluently, and it was last meaningfully updated when Obama was in his first term. Replacing it should take a week. Replacing it actually takes three years - because if it goes wrong, somebody dies. This is the world Code Metal is built for. It is not the part of AI that goes viral on a Tuesday afternoon.

Code Metal is a two-year-old Boston startup with sixty-six employees and roughly $178 million in the bank. It builds an AI platform that translates code from one language to another - Python to CUDA, MATLAB to C++, legacy FORTRAN to something that will run on a 2026 FPGA - and then formally proves the translation is correct. The word "proves" is doing a lot of work in that sentence. It is also why aerospace, defense and automotive companies will return their calls.

The AI industry is rich in confidence and poor in proofs. Code Metal sells the proofs. — Yespress, Company Desk

Most generative-AI code tools work like a charming intern. Code Metal works like a clerk with a pen and an extremely long checklist. That is the entire pitch. It is, somehow, working.

The Problem

"Vibe coding" is fine, until your code controls a missile.

Pick a hardware company. Boeing, Bosch, Toshiba, Raytheon. Inside it lives an unromantic crisis: there is too much code, written in too many languages, for too many chips, and the engineers who originally wrote it are mostly retired. The next chip is always different. The compliance rules (MISRA C, DO-178C, ISO 26262) are immovable. The cost of a port is measured in person-years.

Meanwhile, the rest of the software industry has decided large language models can write the code. They can - if you do not mind a five percent chance of a quietly broken edge case. For a SaaS dashboard, five percent is a bug ticket. For an anti-lock braking system, five percent is a recall.

Margin note - the gap between "AI-generated" and "AI-verified" is, in dollars, enormous.

This is the gap Code Metal walked into. Not the gap between humans and AI. The gap between AI you can demo and AI you can certify.

Vibe coding is fun. Verified coding is what gets through FAA review. — A paraphrase nobody would object to
The Founders' Bet

Two researchers, one chip-shaped obsession.

Peter Morales, the CEO, came to the idea the way people in defense usually come to ideas: by being handed one. At BAE Systems, he was asked to make machine-learning algorithms run faster on an F-35, specifically the algorithms responsible for not getting shot down. The bottleneck, it turned out, was not the math. The bottleneck was getting the math to live happily on a particular chip. Morales spent a decade in AI research, including a stint at MIT Lincoln Laboratory automating things for the Air Force. He noticed, eventually, that everybody had this problem and nobody was solving it generally.

His co-founder Alex Showalter-Bucher had spent a decade at Lincoln Lab too, doing the kind of work the Navy, the Army and the Department of Homeland Security do not put in press releases. In 2023 they left, raised $3.5M in pre-seed money from J2 Ventures and Fulcrum, and started writing the version of the tool they had always wanted.

The Bet, in One Line

  • LLMs are powerful, but unreliable.
  • Formal verification is reliable, but slow.
  • Bolt them together and you get something the aerospace industry will actually buy.

The bet was not that AI could write code. It was that AI plus an old, deeply unfashionable branch of computer science called formal methods could write code that was provably correct. Most of Silicon Valley had forgotten formal methods existed. Code Metal remembered.

Three years, in events

A short company history, lightly annotated
2023
Founded. Peter Morales and Alex Showalter-Bucher leave the defense-research orbit. Pre-seed round of about $3.5M from J2 Ventures and Fulcrum Venture Group.
Jul 2024
Public launch. The Boston Globe covers a "startup using AI for drones and robots." $13M seed round led by Shield Capital.
Nov 2025
Series A. $36.5M led by Accel. CNBC headline includes the phrase "beyond vibe coding," which the marketing team probably framed.
Feb 2026
Series B. $125M led by Salesforce Ventures, with Accel back for more. Total raised crosses $177M. Headcount around 66.
Today
Selling to Boeing, Bosch, NVIDIA, L3Harris, Raytheon, Collins Aerospace, the U.S. Air Force. Quietly, mostly.
The Product

A four-step assembly line for code you can sign off on.

Conceptually the platform is unglamorous, which is the point. A customer hands it a body of source code - say, a control loop written in MATLAB. Code Metal breaks the code into pieces small enough that an LLM cannot meaningfully hallucinate, instruments each piece with auto-generated unit tests, translates the piece into the target language (C++, Rust, CUDA, VHDL, MISRA C, take your pick), and then verifies the new piece behaves identically to the original. Then it optimizes. Then it benchmarks. Then it hands you back something a compliance officer will accept.

The company calls this "Divide & Conquer, Instrument & Test, Translate & Verify, Optimize & Benchmark." It rolls off the tongue exactly as well as you would expect from a team of ex-Lincoln Lab researchers.

Core

Verifiable Code Translation

The flagship: translate between C++, Python, Rust, MATLAB, CUDA, OpenCL, VHDL and MISRA C, then prove the translation is equivalent.

Edge

Edge Deployment Toolkit

Pushes generated code onto FPGAs, GPUs, microcontrollers and custom accelerators - without the usual nine-month porting epic.

Legacy

Code Modernization

Turn a 1998 codebase into something a 2026 engineer can actually maintain, with behavior preserved under formal verification.

Most AI tools write code. Code Metal writes code, then writes the proof that the code is the same as the code you trusted. — The pitch, condensed
The Proof

Funding, on a logarithmic-feeling line.

Code Metal funding rounds

Source: public filings, press releases · cumulative
2023 Pre-seed
$3.5M
2024 Seed
$13M
2025 Series A
$36.5M
2026 Series B
$125M

Investors include Accel, Salesforce Ventures, Shield Capital, J2 Ventures and Fulcrum Venture Group. The customer list is the more telling chart, but harder to draw, so we will list it instead.

Boeing Bosch Toshiba L3Harris Raytheon NVIDIA Collins Aerospace U.S. Air Force
If your business unit appears on this list, your CISO probably already knows.
The Mission

"Safely delivering the last mile."

The official mission statement is to "make AI trustworthy by safely delivering the last mile for mission-critical industries." The phrase "last mile" is doing the heavy lifting. A model that can almost translate a flight controller is, in this domain, no model at all. The last twenty percent - the part where the code actually has to run, in production, on a chip, without surprises - is where the entire industry has been stalling. Code Metal has decided that gap is the whole business.

The deeper thesis is cultural. Defense and aerospace did not catch the generative-AI wave in 2023 because their procurement officers, very sensibly, refused to deploy software whose behavior could not be guaranteed. Code Metal's argument is that those officers were right - and that the way to get AI into regulated industries is not to lower the safety bar but to raise the verification ceiling.

It is a less viral position. It is also, increasingly, the lucrative one.

Why It Matters Tomorrow

Every device you own is about to be re-translated.

The chip world is in a slow-motion reshuffle. Custom silicon is everywhere - in cars, in appliances, in factory robots, in earbuds, in satellites. Each new chip brings its own SDK, its own quirks, its own performance corners. The classical answer is to throw a team of embedded engineers at the problem and wait. There is no team of embedded engineers large enough.

If Code Metal works - and the customer list suggests it does, for narrow cases, today - then the unit economics of writing software for physical things change. A medical-device company can support three new processors a year instead of one. A drone manufacturer can target both NVIDIA and a domestic FPGA without forking the codebase. A defense contractor can port a 30-year-old simulation off a deprecated compiler in weeks rather than quarters.

Write once. Deploy to anything. Prove it works. The slogan is unfashionable. The market is huge. — Yespress, Company Desk

The reason this matters past the trade press is the obvious one. The next decade of hardware - autonomous vehicles, satellite constellations, factory automation, medical robotics - is gated almost entirely on the speed at which trustworthy software can reach trustworthy chips. Generative AI alone cannot deliver this. Formal verification alone cannot deliver this. The combination, if it scales, can.

Back to the wing. The flexing one, the one over the Pacific. The code inside it does not yet know that a Boston company is coming for the codebase. It will get a port that takes weeks instead of years. Maybe one of the engineers will go home in time for dinner. Maybe a few of them will read about Code Metal in a press release and not quite understand what is being claimed. That is generally how unglamorous revolutions work. Quietly, in someone else's industry, until the part where they are everywhere.

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