Code Metal Raises $125 Million to Rewrite the Defense Industry's Code With AI
The Boston startup uses AI to translate and verify legacy software for defense contractors, arguing modernization can’t come at the cost of new bugs.
Code Metal, a Boston-based startup that uses AI to write code and translate it into other programming languages, just closed a $125 million Series B funding round from new and existing investors. The news comes just a few months after the startup raised $36 million in series A financing led by Accel.
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Introducing the Verified Code Translation Research Awards
Code Metal is funding university research in verified code translation, with as many as four awards, each up to $40,000, for work in formal methods for AI. Proposals are due October 8, 2026.
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.