AI startup Code Metal has secured a total of $16.5m in funding in its pre-seed and seed funding rounds.
The pre-seed round raised $3.45m, led by J2 Ventures and with support from Fulcrum Venture Group, Underdog Labs, and others. The seed funding round was led by Shield Capital and totaled $13m.
Code Metal will use this investment to continue building modular and verifiable agentic workloads, as well as to expand its team of experts in hardware and AI.
The company provides AI-powered development workflows at the Edge.
“We are on the cusp of a massive transformation in software development, and Edge computing stands to benefit the most from this change,” said Peter Morales, CEO of Code Metal.
“This funding is a testament to the continued growth in Edge computing and the challenges companies face as they rethink their software development strategy. With our investors’ support, world-class talent, and customer validation, we are confident that we are on the trajectory to usher in an entirely new wave of Edge-powered devices, from robotics to medical devices.”
“Code Metal is accelerating development at the Edge faster than any of its peers at a time where Edge deployments are scaling rapidly,” said Michael Brown, partner at Shield Capital. “Driven by the founders that brought AI systems to the Edge in Amazon Alexa, F-35 fighter jets, and Microsoft HoloLens, Code Metal has both the expertise and customer buy-in to tackle this massive market.”
According to the company's website, it optimizes code to be used at the Edge, and then enables customers to select a deployment chipset from its offerings (or customize their own), speeding up AI deployments at the Edge.
Limited information about the company's hardware offerings is shared, but according to a job listing for a hardware engineer, the company focuses on CPU/GPU/ASIC-based solutions.