United States: AI startup raises $16.5m in seed funding rounds

AI startup Code Metal which provides AI-powered development workflows at the Edge has secured a total of $16.5m in funding in its pre-seed round led by J2 Ventures and with support from Fulcrum Venture Group, Underdog Labs amongst others, and seed funding rounds led by Shield Capital.

Peter Morales, CEO of Code Metal said: “We are on the cusp of a massive transformation in software development, and Edge computing stands to benefit the most from this change. 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.” 

Michael Brown, partner at Shield Capital added:  “Code Metal is accelerating development at the Edge faster than any of its peers at a time where Edge deployments are scaling rapidly. 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.”