Code Metal Hits $1.25B Valuation With AI Code Fix

Code Metal just landed a $1.25 billion valuation. Its bet is that the hardest AI coding work is not writing new apps, it’s safely rewriting the old ones.
Boston-based Code Metal raised $125 million in a Series B led by Salesforce Ventures, with Accel, B Capital, and J2 Ventures also participating, according to WIRED. The company, founded in 2023, told WIRED it’s already profitable and generating positive cash flow.
The startup translates legacy code into modern targets, then verifies