Funding Raises: #MatX $500M Series B; #VeroNetworks $500M Growth Equity; #SambaNova +$350M Series E; #AlveusTherapeutics $197M Series A ext.; #AllicaBank $155M Series D; #Revel $150M Series B; #HonetHealth $140M;
#SlateMedicines $130M Series A; #CodeMetal $125M Series B

Code Metal Raises $125 Million to Rewrite the Defense Industry’s Code With AI The Boston startup uses AI to translate and verify legacy software for defense contractors, arguing modernization can’t come at the cost of new bugs.

#CodeMetal, a Boston-based startup that uses #AI to write code and translate it into other programming languages, just closed a $125m Series B funding round from new and existing investors. The news comes just a few months after the startup raised $36m in series A financing led by #Accel.