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Code Metal Raises $36.5 Million For Verifiable, AI-Powered Code Translation

Code Metal Raises $36.5 Million For Verifiable, AI-Powered Code Translation

November 27, 2025 Craig Etkin

BOSTON, Nov. 12, 2025 /PRNewswire/ — Code Metal today announced it has closed $36.5 million of funding for its Series A round to advance its goal of accelerating mission-critical industries with provably correct AI code translation. The round was led by venture capital firm Accel and values the company at $250 million.

The raise marks a new phase of growth for Code Metal, which has deployed its platform across the defense, automotive, and semiconductor industries, and is already on contract to deliver eight figures in revenue this year. Code Metal’s platform is used in industries with strict safety and regulatory requirements for rapid feature development, code portability, and code modernization. Before Code Metal, these industries could not leverage AI for their software development tasks due to accuracy and other fundamental limitations of AI.

In addition to Accel, Code Metal is proud to welcome new investors including RTX Ventures, Bosch Ventures, Smith Point Capital, Overmatch VC, and AE Ventures. The round also includes participation from distinguished individuals such as John Tenet CEO of Chaos Industries, philanthropist and serial biomedical entrepreneur Paul Schimmel, GovForce CEO Kendall Collins, telecommunications pioneer Robert Cohn, and defense investor Chris Heinz. Code Metal also secured additional commitments from existing investors Shield Capital and J2 Ventures, with continued support from Fulcrum Venture Group.

“Vibe coding helps software teams build MVPs fast. But it doesn’t address our customers’ needs: writing zero-error production code onto hardware,” said Peter Morales, founder and CEO of Code Metal. “Helping industries like auto and defense not get left behind by AI: that isn’t purely an AI problem. It’s where multiple disciplines meet, and that’s where Code Metal operates. Revisiting the industries where I began, and demonstrating real impact in production, has been a full-circle moment. The momentum we’re seeing speaks for itself.”

“In sectors like healthcare, finance, and defense, precision isn’t a luxury, it’s required,” said Steve Loughlin, Partner at Accel. “Code Metal understands that the next generation of AI infrastructure will depend on language and hardware working in sync. Their approach combines deep technical rigor with a practical understanding of how real industries operate.”

“We see Code Metal as a transformative enabler for the next generation of intelligent, connected systems. Code Metal’s AI-driven approach to code translation and deployment at the edge directly supports Bosch Ventures’ vision of bringing greater automation, reliability and scalability to industrial and mobility applications,” said Adam Jackson, Partner at Bosch Ventures.

“Shield Capital’s additional commitments reflect our continued enthusiasm for both Code Metal’s AI-enabled code translation technology, which has immense value for defense and commercial customers; and the company’s already-established track record of delivering results, such as speeding code translation from weeks to days for L3Harris across several projects,” said Michael Brown, Partner at Shield Capital.

Code Metal’s automated code translation solutions combine formal methods with AI to ensure every line of code is tested, robust, optimized, and compliant. Its ability to verify and guarantee that code will meet stringent safety and regulatory checks is enabling it to break into otherwise AI-skeptical industries. The company is in the process of closing additional major contracts that will be announced in the coming weeks.

“It’s rare to see a company of this technical complexity get adopted this quickly in enterprise. The round was well timed, because there is a huge amount of demand for Code Metal’s technology,” remarked Alexander Harstrick, co-founder of J2 Ventures, which led Code Metal’s pre-seed round. “We have a lot more to share with the world very soon.”

About Code Metal

Code Metal’s mission is to accelerate mission-critical industries with provably correct, automated code translation and optimization for any environment. Adopted across the defense, automotive, and semiconductor industries – and wherever compliance, safety, and precision are required – Code Metal’s platform combines formal methods with AI to enable customers to develop features rapidly, break vendor lock-in by moving code between chips, and modernize code. Learn more at http://www.codemetal.ai/.

SOURCE Code Metal

Copyright © 2025 Cision US Inc.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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