Code Metal, a San Francisco, CA-based company specializing in AI-based development workflows for edge computing, has secured a $13M seed, and a prior $3.45M pre-seed round.
Investors
The seed round was led by Shield Capital and the pre-seed round was led by J2 Ventures, with participation from Fulcrum Venture Group, Underdog Labs, and other notable investors.
Shield Capital is a venture capital firm investing in early-stage companies building technologies that matter in artificial intelligence, autonomy, cybersecurity, and space. SHIELD’s veteran team of founders, investors, and national security leaders is mission-focused in support of entrepreneurs addressing the convergence of commercial industry and national security. Mission Matters at SHIELD.
J2 Ventures is a $200M+ AUM deep-tech venture capital firm based in Boston, investing in sectors critical to national security and private sector advancements, including advanced computing, cybersecurity, telecom and infrastructure, and healthcare. The fund is backed by some of the largest and most sophisticated limited partners in the world, including JP Morgan, MetLife, and the New Mexico State Investment Council.
Code Metal Use of Funds
The company will use the funding to advance its modular and verifiable agentic workflows, drastically reducing product development timelines from months to days. Additionally, Code Metal plans to expand its team of hardware, AI, and compiler design experts to meet the demands of its growing customer base.
About Code Metal
Founded in 2023 by Peter Morales and Alex Showalter-Bucher, Code Metal is an AI company that offers an AI-powered platform designed to simplify and accelerate translating high-level code into production-ready software for edge devices. Using Large Language Models (LLM) and formal methods, the platform creates modular and verifiable workflows. The company has strategic partnerships with industry leaders like X-Press Feeders and L3Harris.
Funding Details
Company: Code Metal, Inc.
Raised: $16.5M
Round: Pre-Seed, Seed Round
Funding Month: July 2024
Lead Investors: Shield Capital, J2 Ventures
Additional Investors: Fulcrum Venture Group, Underdog Labs
Company Website: https://www.codemetal.ai/
Software Category: AI Workflows Development
Source: https://www.businesswire.com/news/home/20240723783754/en/