Code Metal
Boston, US · Founded 2023 · Delaware corporation · 11 known investors
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.
AI & Machine LearningDeep TechDeveloper Tools
Founders & leadership
Code Metal was founded in 2023 by Peter Morales and Alex Showalter-Bucher.
PM
Peter MoralesCo-Founder & CEO
AS
Alex Showalter-BucherCo-Founder & SVP of Technology
RA
Ryan AytayPresident & COO
LS
Laura ShenEVP & Head of Growth
JP
Jennifer PaauSVP of Business Operations & Strategy
OU
Octavian UdreaChief Scientist
RA
Richard Alexander Showalter-BucherNamed on SEC filing
Board
AH
SL
MB
WM
William MerisBoard director
Investors · 11
AccelPalo Alto · $1.6M – $70Mvia Steve Loughlin · board
.jpeg){kind=logo}
B Capital GroupManhattan Beach · $10M – $50M
B4 Capital$10M – $50M
Fulcrum VentureSanta Monica
J2 VenturesBostonvia Alexander Harstrick · board
Salesforce VenturesSan Francisco · $5M – $50M
Smith Point CapitalSan Francisco
B CapitalreportedGeneva
Bosch VenturesreportedStuttgart · $27M
Shield Capitalreported · 2 sourcesSan Francisco
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
2 people who came through Code Metal went on to found or lead other companies.
Competitors · 4
by search overlap
CodeSignal, Inc.16 shared keywordsCodeSignal provides an educational ebook guide for talent teams on implementing AI hiring tools, covering readiness assessment, solution selection, and compliant usage practices.
Metal16 shared keywordsMetal 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 AI14 shared keywordsCodeAnt 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.
Antimetal13 shared keywordsAntimetal 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 competing with Code Metal for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Code Metal Acquires Signal Processing Technologies, Expanding Its Provable AI Platform and Establishing the Advanced RF Group - intelligence360intelligence360.news · Jul 2026Frequently 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.