Fundraising FoxCode Metal
Boston, US · Founded 2023 · Delaware corporation · 11 known investors
Find your way into Code Metal
1,796 people in our graph can introduce you to the Code Metal team.
Sign up to see every warm intro you have to Code Metal
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Code Metal team. We find them
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes you can't see from your own inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Code Metal builds AI-assisted code translation and modernization tools that use formal verification and program analysis to produce tested, standards-compliant, and portable code. It targets mission-critical industries such as aerospace, automotive, and defense, helping teams modernize legacy code, avoid chip vendor lock-in, and meet safety and compliance requirements.
Founders & leadership
Code Metal was founded in 2023 by Peter Morales and Alex Showalter-Bucher.
AS
Alex Showalter-BucherCo-Founder & SVP of TechnologyCo-Founder and SVP of Technology at Code Metal, Alex Showalter-Bucher is an engineer with experience leading teams and developing AI/ML technologies, real-time computer vision and image processing algorithms, and complex system and sensor simulations.
RA
Ryan AytayPresident & COO, Board MemberHe previously served as CEO of Tableau and spent nearly two decades at Salesforce in roles including Chief Business Officer, before starting his career in strategy and finance at Deloitte and Piper Jaffray.
JP
Jennifer PaauSVP of Business Operations & Strategy
OU
Octavian UdreaChief ScientistUdrea is a research scientist with two decades of experience developing AI platforms, holding over 70 patents and peer-reviewed publications. His expertise spans language and graph models, automated code generation, neuro-symbolic AI, and distributed systems.
RA
Richard Alexander Showalter-BucherNamed on SEC filing
Board
AH
SL
MB
WM
William MerisBoard director
Investors · 11
Accellisted by AccelPalo Alto · $500K – $100Mvia Steve Loughlin · board
How we know: Accel's portfolio page · board seat on SEC Form D · offering press articles · funding news · cnbc.com · open dataset · 5k.vc investor directory · Not right? Tell us
.jpeg){kind=logo}
B Capital Grouplisted by B Capital GroupSan Francisco · $10M – $50M
How we know: B Capital Group's portfolio page · a partner's Signal profile · Not right? Tell us
J2 Ventureslisted by J2 VenturesBostonvia Alexander Harstrick · board
How we know: board seat on SEC Form D · cnbc.com · Not right? Tell us
Salesforce Ventureslisted by Salesforce VenturesSan Francisco · $5M – $50M
How we know: Salesforce Ventures's portfolio page · offering press articles · press coverage · Not right? Tell us
Smith Point Capitallisted by Smith Point CapitalSan Francisco
How we know: the VCSheet dataset · Not right? Tell us
B Capitalreported
How we know: press coverage · Not right? Tell us
Shield CapitalreportedSan Francisco
How we know: cnbc.com · the VCSheet dataset · Not right? Tell us
Also in the syndicate · 1
RTX Ventures
Reported raises · per SEC filings
Form D private placements$181.9M disclosed across 5 of 6 rounds · 2023–2026
▶Undisclosed amountofferedJul 2026 · 4 investors · Other TechnologyRule 506(b)
▶Undisclosed amountofferedJul 2026 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Peter MoralesExecutive Officer, Director, Promoter
- William MerisDirector
- Richard Alexander Showalter-BucherDirector, Promoter
- Michael BrownDirector
- Alexander HarstrickDirector
- Steve LoughlinDirector
- Ryan AytayDirector
- First sale
- Jul 2026
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$123MraisedMar 2026 · 12 investors · Other TechnologyRule 506(b)
▶$123MraisedMar 2026 · 12 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ryan AytayDirector
- Michael BrownDirector
- Richard Alexander Showalter-BucherDirector, Promoter
- Steve LoughlinDirector
- Peter MoralesExecutive Officer, Director, Promoter
- William MerisDirector
- Alexander HarstrickDirector
- Offering amount
- $125M
- Amount sold
- $123M
- First sale
- Mar 2026
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$36.5MraisedNov 2025 · 15 investors · Other TechnologyRule 506(b)
▶$36.5MraisedNov 2025 · 15 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Steve LoughlinDirector
- Richard Alexander Showalter-BucherDirector, Promoter
- William MerisDirector
- Peter MoralesExecutive Officer, Director, Promoter
- Alexander HarstrickDirector
- Michael BrownDirector
- Offering amount
- $36.5M
- Amount sold
- $36.5M
- First sale
- Nov 2025
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$6.5MraisedJul 2025 · 4 investors · Other TechnologyRule 506(b)
▶$6.5MraisedJul 2025 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Richard Alexander Showalter-BucherDirector, Promoter
- Peter MoralesExecutive Officer, Director, Promoter
- Alexander HarstrickDirector
- Michael BrownDirector
- William MerisDirector
- Offering amount
- $6.5M
- Amount sold
- $6.5M
- First sale
- Jun 2025
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$12.8MraisedAug 2024 · 6 investors · Other TechnologyRule 506(b)
▶$12.8MraisedAug 2024 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Michael BrownDirector
- Alexander HarstrickDirector
- Richard Alexander Showalter-BucherDirector, Promoter
- Peter MoralesExecutive Officer, Director, Promoter
- William MerisDirector
- Offering amount
- $16.4M
- Amount sold
- $12.8M
- First sale
- Jul 2024
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$3.1MraisedDec 2023 · 4 investors · Other TechnologyRule 506(b)
▶$3.1MraisedDec 2023 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Richard Alexander Showalter-BucherDirector
- Peter MoralesExecutive Officer, Director, Promoter
- William MerisDirector
- Offering amount
- $3.5M
- Amount sold
- $3.1M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through Code Metal went on to found or lead other companies.
Related companies · 4
CodeSignal, Inc.CodeSignal provides an educational ebook guide for talent teams on implementing AI hiring tools, covering readiness assessment, solution selection, and compliant usage practices.
MetalMetal is an AI context platform that structures company data into a queryable knowledge graph and serves it to AI tools via an open API and Model Context Protocol server. It enables technical teams to build AI features faster by providing a unified, permission-aware foundation connecting existing systems without replacing current tools.
CodeAnt AICodeAnt is a code security platform that identifies and prioritizes security vulnerabilities in applications using AI to surface the most critical issues from thousands of findings. The company serves software development teams and enterprises building with both human-written and AI-generated code.
AntimetalAntimetal builds an autonomous system that operates production infrastructure by continuously monitoring, diagnosing, and fixing issues across software systems. It serves software engineering and DevOps teams by automating operational workflows and incident response for complex runtime environments.
Companies working in the same space as Code Metal.
In the news
Frequently asked questions
- What does Code Metal do?
- Code Metal builds AI-assisted code translation and modernization tools that use formal verification and program analysis to produce tested, standards-compliant, and portable code. It targets mission-critical industries such as aerospace, automotive, and defense, helping teams modernize legacy code, avoid chip vendor lock-in, and meet safety and compliance requirements.
- Who founded Code Metal?
- Code Metal was founded by Peter Morales, Alex Showalter-Bucher in 2023.
- Who are Code Metal's investors?
- Code Metal's investors include Accel, B Capital Group, B4 Capital, Fulcrum Venture, J2 Ventures, Salesforce Ventures, Smith Point Capital, B Capital and 2 more.
- How much funding has Code Metal raised?
- Code Metal has disclosed $181.9M raised across 5 of its 6 known rounds.
- Where is Code Metal headquartered?
- Code Metal is headquartered in Boston, US.