Fortune: Code Metal Lands $80 Million Pentagon Deal to Modernize Military Wargaming
Code Metal’s $80 million Pentagon deal to modernize and AI-enable WarMatrix, the military’s wargaming simulation environment — closed in under a year as the Boston-based unicorn scales its provable-AI platform across defense.
Landing a defense contract has historically meant navigating layers of government bureaucracy, with proposals often taking years to turn into cash. But software unicorn Code Metal is getting something new defense contractors rarely get from the Pentagon: speed.
The Boston-based firm just landed an $80 million contract to modernize and AI-enable WarMatrix, the Department of War’s wargaming simulation environment, Fortune learned exclusively. The process only took less than 12 months.
“I have never seen them move this fast, and that’s been really exciting,” CEO Peter Morales told Fortune, adding that after securing $17 million for the initial operating capability—the minimum version of the system that can be usefully deployed—they received the full funding as an Other Transaction Authority (OTA) agreement.
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Tectonic Defense: Code Metal Scores $80M OTA for WarMatrix
Code Metal’s $80 million U.S. Air Force Other Transaction agreement to advance WarMatrix — an AI-enabled modeling and simulation platform for wargaming and operational planning — built on the company’s provable-AI technology and validated at the GE 26 Benchmark Wargame.
Code Metal Awarded $80M U.S. Air Force Agreement to Advance AI-Enabled Modeling and Simulation
Code Metal has been awarded an $80 million U.S. Air Force Other Transaction agreement to advance WarMatrix, an AI-enabled platform for operational planning, wargaming, and high-consequence modeling and simulation, following its performance at the GE 26 Benchmark Wargame.