Code Metal Raises $125 Million to Rewrite the Defense Industry's Code With AI (www.wired.com)

Code Metal, a Boston-based startup specializing in AI-driven code translation and verification for the defense industry, has successfully raised $125 million in a Series B funding round. This significant investment follows its earlier $36 million Series A round and highlights the growing importance of AI technologies in modernizing coding practices. The company aims to address critical challenges in programming, such as converting legacy code to modern languages while ensuring accuracy and minimizing bugs—an essential task for its notable clients, which include L3Harris, RTX, and the US Air Force. Code Metal's proprietary platform translates high-level programming languages to lower-level or hardware-specific languages, facilitating quicker adaptations of legacy systems. The startup emphasizes rigorous testing at each translation step, aiming to reduce error rates effectively. Furthermore, its innovative pricing model focuses on the time and efficiency savings for clients rather than a traditional per-seat fee structure. With this latest funding, Code Metal is now valued at $1.25 billion and operates profitably, positioning itself as a key player in the AI landscape for the defense sector and beyond, while also navigating the complexities of maintaining code quality in an evolving technological environment.