United States · 
Who invested in Code Metal?
Code Metal's investors include Salesforce Ventures, Accel, B Capital, LD Capital and Bosch Ventures, and 5 more on record. Salesforce Ventures led its latest round.
2026
$36MRound$125MSeries B
United States · Series B startup
Who invested in Code Metal
2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 9 months ago
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Funding summaryUpdated 5 Nov 2026
$161Mraised across 2 rounds since 2025, from 2 sources
$36MRound$125MSeries B
- Latest round
- Series B, $125MFeb 2026
- Led by
- Salesforce Ventures
- Step-upi
- 3.4×
- Investors
- 10 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $36M Nov 2025
- Biggest round
- $125M Series B · Feb 2026
- Between rounds
- 3 months from the last two
The rounds
- Feb 2026Series B$125M10 new
Salesforce VenturesLead
Accel
B Capital
LD Capital
Bosch Ventures
Shield Capital
J2 Ventures
Overmatch
Smith Point Capital
RTX
Reported by VentureburnSEC filing: $123M sold, first sale Mar 2026
- Nov 2025Round$36M
No investor was named in the report.
Filed with the SEC (Form D); no report of this raise yetSEC filing: $36M sold, first sale Nov 2025
Funding filed with regulators
Code Metal filed 5 raises, $182M in all. Filings say how much was sold and to how many investors; they never name the investors.
- Mar 2026$123MSEC Form D
- Nov 2025$36MSEC Form D
- Jun 2025$6.5MSEC Form D
- Jul 2024$13MSEC Form D
- Dec 2023$3.1MSEC Form D
Founders and team
From Code Metal's own website: 2 founders, 4 on the team.
Octavian UdreaCo-Founder & CEO
Laura ShenCo-Founder & SVP of Technology
- Peter MoralesPresident & COO
- Alex Showalter-BucherChief Scientist
- Jennifer PaauChief Scientist
- Ryan AytayEVP & Head of Growth
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists Code Metal as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Code Metal
How much has Code Metal raised?
Code Metal has raised $161M across 2 rounds since 2025.
When did Code Metal last raise?
Code Metal's most recent round was a Series B of $125M in Feb 2026, led by Salesforce Ventures.
What was Code Metal's biggest round?
Its most recent round, $125M in Feb 2026, is also its largest on record.
Who backed Code Metal first?
Code Metal's first round on record, in Feb 2026, was backed by Salesforce Ventures, Accel and B Capital and 7 others.
What stage is Code Metal at?
Code Metal's latest named round is a Series B, in Feb 2026.
Where is Code Metal based?
Code Metal is based in the United States.
Who led Code Metal's rounds?
Salesforce Ventures led the Series B in 2026.
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