Code Metal, Inc.

BOSTON, MA · Founded 2023 · Software · Still private

Software platform for code translation and verification in mission-critical systems

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Updated Aug 28, 2026 · codemetal.ai

Sector: Software
Headquarters: BOSTON, MA
Founded: 2023
Latest Form D: $123M, Mar 2026
Total capital: $182M

Grants: —; No SBIR or STTR on record; Sector median 0 awards
Raised: $182M; 5 Form D · Mar 2026; 7 months since last filing
Contracts: —; No federal contracts on record
Patents: —; No published records under this name; Sector median 0 patents

Capital Timeline

Federal above the line · equity below · node area scaled to amount

Federal ↑Equity ↓

20232024202520262027

Capital and federal award history, newest first
Date	Event	Source	Amount
12 Mar 2026	Private capital raised	Form D · SEC	$122,999,688
13 Nov 2025	Private capital raised	Form D · SEC	$36,474,898
10 Jul 2025	Private capital raised	Form D · SEC	$6,500,000
01 Aug 2024	Private capital raised	Form D · SEC	$12,822,777
20 Dec 2023	Private capital raised	Form D · SEC	$3,150,000

Form D · SECPress

Peer position

Software · 4096 companies · ranked on federal contract value

Software companies ranked by federal contract value
#	Company	Contracts	Disclosed equity
3020	ALICE Technologies, Inc.	—	$49M
3021	Tendril Holdings, LLC	—	$203M
3022	Tools for Humanity Corp	—	$194M
3023	Code Metal, Inc.	—	$182M
3024	Orai, Inc.	—	$2.6M
3025	BATTLE TESTED LLC	—	$20K
3026	Lightning Holdings, LLC	—	$170M

Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.

Press

1 article · matched on company name

14 Aug 2026Code Metal lands $80 million Pentagon deal to modernize military wargamingFortune

Founders & Team

From Form D filings · 7 related persons

Ryan AytayDirector
Michael BrownDirector
Alexander HarstrickDirector
Steve LoughlinDirector
William MerisDirector
Peter MoralesDirector · Executive Officer · Promoter
Richard Showalter-BucherDirector · Promoter

Patents

No patents are on record under this company's name.

USPTO publishes applications about 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won't match.

Checked: USPTO granted patents and published applications