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Code Metal
Boston, US · Founded 2023 · Delaware corporation · 11 known investors
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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.
Board
Investors · 11
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
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How we know: B Capital Group's portfolio page · a partner's Signal profile · Not right? Tell us
How we know: board seat on SEC Form D · cnbc.com · Not right? Tell us
How we know: Salesforce Ventures's portfolio page · offering press articles · press coverage · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: cnbc.com · Not right? Tell us
How we know: cnbc.com · the VCSheet dataset · Not right? Tell us
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)
- 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)
- 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)
- 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)
- 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)
- 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)
- 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
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 3 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.