# Code Metal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/code-metal

- Industry: Software
- Headquarters: Boston, US
- Website: www.codemetal.ai
- Total disclosed funding: $176M
- Latest round: Series B (Mar 11, 2026)
- Investors on record: 12

## About

Based in Massachusetts, US, and founded in 2023 by CEO Peter Morales and co-founder Alex Showalter, Code Metal, Inc. specializes in AI-powered development tools that optimize software for edge computing. In February 2026, Code Metal, Inc. raised USD 125 million in series B funding led by Salesforce Ventures, with participation from B Capital, Accel, J2 Ventures, Overmatch, RTX Ventures, Shield Capital, and Smith Point Capital.

Code Metal specializes in AI-powered development tools aimed at improving software for edge computing environments. The company’s product enables users to upload high-level research code written in languages such as Python, Julia, and MATLAB. Its code is then automatically transpired into low-level, edge-ready code tailored for hardware configurations, including CPUs and various accelerators like GPUs and FPGAs. The end-use cases target developers and organizations seeking to manage their edge deployment processes and reducing development time. The firm serves a various industry, including industries engaged in logistics, robotics, and advanced computing applications, catering to markets primarily in North America and Europe.

The company will use the February 2026 funding to hire more engineers, speed up product development, expand government and commercial partnerships, and scale sales and operations.

## Funding rounds

- Series B, Mar 11, 2026, $123M — Accel, Salesforce Ventures, B Capital, J2 Ventures, Shield Capital, RTX Ventures, Smith Point Capital, Overmatch
- Series A, Nov 12, 2025, $36M — Accel, Robert Bosch Venture Capital, AE Industrial Partners, J2 Ventures, Shield Capital, RTX Ventures, Smith Point Capital, Fulcrum Venture Group, Overmatch
- Seed, Jul 26, 2024, $13M — Shield Capital
- Seed, Dec 13, 2023, $3.5M — Underdog Labs, J2 Ventures, Fulcrum Venture Group

## Investors

- Underdog Labs (https://capitalatlas.ai/funds/underdog-labs) — Seed
- J2 Ventures (https://capitalatlas.ai/funds/j2-ventures) — Seed, Series A, Series B
- Fulcrum Venture Group (https://capitalatlas.ai/funds/fulcrum-venture-group) — Seed, Series A
- Shield Capital (https://capitalatlas.ai/funds/shield-capital) — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A
- AE Industrial Partners (https://capitalatlas.ai/funds/ae-industrial-partners) — Series A
- RTX Ventures (https://capitalatlas.ai/funds/rtx-ventures) — Series A, Series B
- Smith Point Capital (https://capitalatlas.ai/funds/smith-point-capital) — Series A, Series B
- Overmatch (https://capitalatlas.ai/funds/overmatch) — Series A, Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B