Overview
- The round totals $36.5 million and was led by Accel, with the company reporting a $250 million valuation.
- Code Metal reports deployments and contracts with the U.S. Air Force, L3Harris and Raytheon, alongside automotive and semiconductor customers.
- Its platform combines large-model techniques with formal methods to produce provably correct translations, positioning it against prompt-driven “vibe coding” tools.
- The company says it is on contract to deliver eight-figure revenue this year, with Accel describing demand as surging.
- New and returning investors include RTX Ventures, Bosch Ventures, J2 Ventures and Shield Capital, and the company says additional major contracts will be announced in the coming weeks.