Code Metal Closes $125M Series B

[Boston, MA] Code Metal, the leader in verifiable code translation for mission-critical industries, today announced the close of its $125 million Series B financing led by Salesforce Ventures with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others. The company also announced that Ryan Aytay, former CEO of Tableau, has joined Code Metal as President and Chief Operating Officer.

This new round comes just months after Code Metal’s Series A, underscoring the company’s rapid growth and the urgency with which defense and other regulated industries are moving to adopt verifiable AI capabilities. With its technology already deployed across defense, automotive, semiconductor, and other mission-critical industries, Code Metal is among the fastest-growing defense technology companies, as measured by revenue growth, contract scale, and the pace of adoption among top-tier government and enterprise customers.

The funding will be used to add engineering capacity, accelerate product development, expand commercial and government partnerships, and scale Code Metal’s go-to-market capabilities. Customers, including Toshiba, RTX, L3Harris, and the U.S. Air Force, use Code Metal to move between programming languages and optimize software for hardware at unprecedented speed.

Today, generating code with AI alone is not sufficient for mission-critical industries where compliance, safety, accuracy, and performance are a priority. Code Metal’s unique approach enables customers to translate and optimize code for any environment while also ensuring the code is verified, validated, and production-ready.

“AI code generation has hit an inflection point: mission-critical industries cannot deploy what they cannot verify,” said Rob Keith, Partner at Salesforce Ventures. “Code Metal’s neuro-symbolic approach solves this by mathematically proving code is correct. The unprecedented adoption velocity drove our decision to lead the round; in just one year, demand has pulled Code Metal into programs of record across the U.S. Air Force, L3Harris, and more. Salesforce Ventures brings deep experience scaling enterprise platforms, and we are proud to back the team building the load-bearing infrastructure for this ecosystem.”

“This new funding round marks an important milestone for Code Metal and validates our mission to close the trust gap in AI-generated code,” said Peter Morales, founder and CEO of Code Metal. “AI can generate code at unprecedented speed, but in mission-critical environments, speed without proof is not enough; we are building the infrastructure that ensures software can be trusted before deployment, and with Salesforce Ventures’ partnership and Ryan’s firsthand expertise with these customers, we are scaling with the operational excellence this market demands.”

Aytay brings decades of experience building and scaling enterprise technology businesses. He served as CEO of Tableau and spent many years at Salesforce in senior leadership roles, helping to grow and operate one of the world’s most successful enterprise software companies. In his new role, Aytay will focus on scaling Code Metal’s operations, commercial execution, and partnerships in close collaboration with Morales and the leadership team, with a particular emphasis on deepening relationships across defense, automotive, and other mission-critical industries.

“AI has transformed how software is written, but code portability and translation remain challenging,” said Yan-David Erlich, General Partner at B Capital. “We’ve been impressed by Code Metal’s strong traction, particularly in helping defense customers develop and deploy on edge devices in safety-critical settings, and we’re excited to back this excellent team as they scale.”