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.
Published on February 19, 2026
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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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Code Metal Closes $125 Million Series B
Code Metal 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.