Code Metal Secures $125 Million to Modernize Defense Coding with AI

Code Metal, based in Boston, recently raised $125 million in a Series B funding round to support its innovative AI-driven technology for modernizing defense industry software. The company uses AI to translate legacy code into modern programming languages, securing the services of prominent defense entities like L3Harris, RTX, and the US Air Force. Notably, the firm is also collaborating with Toshiba and negotiating with a major chip company for enhanced code portability. CEO Peter Morales highlights the need for quick coding solutions without introducing bugs, as their software generates test harnesses to ensure accuracy. Additionally, the company employs a dynamic pricing model that considers factors like development time saved.