Code Metal, a company specializing in AI-powered code translation, has raised US$36.5 million in a series A round led by Accel, bringing its valuation to US$250 million.

The round also saw participation from RTX Ventures, Bosch Ventures, Smith Point Capital, Overmatch VC, AE Ventures, and existing investors Shield Capital, J2 Ventures, and Fulcrum Venture Group.