Krux
February 22, 2026
Code Metal Hits Unicorn Status With $125M Series B
Published: February 22, 2026 at 3:03 PM
Updated: February 22, 2026 at 3:03 PM
100-word summary
Code Metal closed a $125 million Series B led by Salesforce Ventures, reaching a $1.25 billion valuation. The round included Accel, B Capital, Shield Capital, and defense investor RTX Ventures. The company modernizes legacy defense software using AI-driven code translation tools with built-in verification for mission-critical systems. Funds will expand engineering and go-to-market partnerships with customers including the U.S. Air Force, RTX, and L3Harris. Former Tableau executive Ryan Aytay joins as President and COO. RTX Ventures' participation signals strategic alignment with defense primes seeking verifiable AI tooling for regulated, high-stakes environments.
What happened
Code Metal closed a $125 million Series B led by Salesforce Ventures, reaching a $1.25 billion valuation. The round included Accel, B Capital, Shield Capital, and defense investor RTX Ventures. The company modernizes legacy defense software using AI-driven code translation tools with built-in verification for mission-critical systems. Funds will expand engineering and go-to-market partnerships with customers including the U.S. Air Force, RTX, and L3Harris. Former Tableau executive Ryan Aytay joins as President and COO.
Why it matters
RTX Ventures' participation signals strategic alignment with defense primes seeking verifiable AI tooling for regulated, high-stakes environments.