Code Metal Raises $125 Million to Rewrite the Defense Industry's Code With AI

Code Metal, a Boston-based startup that uses AI to write code and translate it into other programming languages, just closed a $125 million Series B funding round from new and existing investors. The news comes just a few months after the startup raised $36 million in series A financing led by Accel.

Code Metal is part of a new wave of startups aiming to modernize the tech industry by using AI to generate code and translate it across programming languages. One of the questions that persists about AI-assisted code, though, is whether the output is any good—and what the consequences might be if it’s not.

Over the past two years companies like Antithesis, Code Rabbit, Synthesized, Theorem and Harness have all secured millions in backing from venture capitalists for their approaches to automating, validating, testing, and securing AI-generated code. These startups are selling the “picks and shovels” of ...