Code Metal builds verifiable AI-enabled code translation software for mission-critical industries. It helps customers port, optimize, and validate code across hardware and programming languages with a focus on safety, compliance, and production readiness.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
Previous Price
$250M
Series A Nov 2025
How to Invest in Code Metal Through UpMarket
Code Metal shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Code Metal offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Feb 2026
Series B
Nov 2025
Series A
$250M
Code Metal Revenue and Growth
Annual revenue
Why Investors Are Watching Code Metal
Growth Signal
Code Metal raised $125M Series B at $1.25B valuation
Code Metal closed a $125 million Series B led by Salesforce Ventures, with Accel, B Capital, J2 Ventures, Shield Capital and RTX also participating. The company was valued at $1.25 billion and said it is already profitable, while its earlier $36.5 million raise came only months before this round.
Competitive Moat
Code Metal says it speeds code translation from weeks to days
Shield Capital said Code Metal has a track record of speeding code translation from weeks to days for L3Harris across several projects. The platform focuses on verifiable AI-powered code translation and deployment for defense and commercial customers, where correctness and reliability are critical.
Market Opportunity
Defense, automotive and semiconductors are core target markets
Code Metal says it serves defense, automotive and semiconductor customers, including L3Harris, RTX, Toshiba and the U.S. Air Force. Accel said the company is on track to deliver eight figures in revenue this year and is helping clients cut product deployment times from months to days.
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No. As of March 2026, Code Metal is a private company and does not trade on any public stock exchange. Accredited investors can access Code Metal shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Code Metal does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Code Metal shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Code Metal shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Code Metal builds verifiable AI software that translates, optimizes, and validates mission-critical code across languages and hardware, generating $10M+ in 2025 revenue; it raised a $125M Series B at a $1.25B valuation — accredited investors can access Code Metal stock through UpMarket.