Code Metal Secures $16.5M in Seed Funding for AI-Powered Edge Development
Code Metal is pioneering the next wave of development for edge devices, emphasizing the importance of robust, scalable solutions in the increasingly critical field of edge computing.
Company Name: Code Metal
Location: Boston, MA
Sector: AI, Software Development, Edge Computing
Funding Details: Raised $16.5 million in Seed funding led by Shield Capital.
Purpose of Investment: To enhance the development of modular and verifiable agentic workflows optimized for edge applications and expand its team with experts in hardware, AI, and compiler design.
Leadership: Led by CEO Peter Morales.
Product and Innovation: Code Metal offers AI-powered development workflows tailored for edge computing. The company leverages extensive research and expertise from top institutions and companies to adapt complex algorithms for real-world hardware applications. This includes optimizing software for sophisticated platforms such as the F-35 Joint Strike Fighter and Microsoft HoloLens.
Company Growth: Already generating revenue, Code Metal has formed strategic partnerships with notable entities such as X-Press Feeders and L3Harris. The firm is focused on pushing the boundaries of edge computing by accelerating development times and enhancing the capabilities of edge devices.
Previous Funding: Includes a $3.45 million pre-seed round led by J2 Ventures, with participation from Fulcrum Venture Group, Underdog Labs, and other investors.
About the Company: Positioned at the intersection of AI research and practical application, Code Metal is pioneering the next wave of development for edge devices, emphasizing the importance of robust, scalable solutions in the increasingly critical field of edge computing.