Code Metal Co-Founders (LR): Alex Showalter-Bucher, Senior Vice President of Technology and Peter Morales, CEO
Provided by: Code Metal Co., Ltd.
Peter Morales started Code Metal two years ago, entering the market for artificial intelligence coding tools at a time when AI companies were rapidly changing the software development market.
He now has $36.5 million in the bank, thanks to investments led by venture firm Accel Partners, known for its early bets. facebook, drop box and atlassian.
Code Metal’s technology allows software engineers to write code once and automatically translate it into other programming languages, allowing them to deliver new features faster and to a wider audience. Morales, who previously served as a technology director at a gaming company, said Code Metal’s products are particularly attractive to developers who create software to power consumer electronics, consumer electronics, factory robotics, automobiles and medical equipment.
These are industries whose products include a variety of chips with different software development kits, operating systems, and code libraries. Morales gave the example of automakers developing features for new sports cars powered by modern engines. Nvidia The challenge is porting the chip and the code behind its functionality to the company’s older minivan product line. Code Metal’s AI handles the translation automatically.
Morales positions the company as different from so-called vibecoding platforms, such as Cursor and Anthropic’s Claude Code, which allow users to automate much of the process of creating software using text prompts.
“Vibe coding is about generating code to describe your initial idea in text and begin developing a minimum viable product,” Morales says. “This is not where most companies spend their time. At Code Metal, we are focused on getting code into production. To do that, we need strong assurance that the code we are converting is accurate, compliant, and behaves as expected.”
Morales said that because large language models alone cannot provide this level of certainty, Code Metal employs what computer scientists call formal methods to check the code and make sure it is translated correctly.
The Boston-based company said it already has contracts worth tens of millions of dollars with commercial and public sector customers, including the U.S. Air Force. L3 Harris In addition to Raytheon, it also includes some automotive suppliers and consumer electronics brands.
Accel’s Steve Loughlin, who led the deal, said Codemetal is the fastest growing company in the company’s portfolio of early-stage startups, and demand for its technology is surging.
“The market opportunity is virtually unlimited here, as we enable people to develop faster on the edge and modernize legacy code,” Loughlin said.
Code Metal’s previous backers J2 Ventures and Shield Capital also participated in the round, along with Bosch Ventures and Raytheon’s RTX Ventures.
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