The seed round was led by CIV with participation from Y Combinator, Afore Capital, Pioneer Fund, Multimodal Investors, and angels including Opendoor CEO Kaz Nejatian. Hypercubic’s AI agents map and document decades-old COBOL codebases, then automatically rewrite them in modern languages like Java, addressing a critical shortage of COBOL engineers as 90% are expected to retire within five to 10 years.
The startup is already working with a major Latin American bank and a Caribbean retailer serving over 50 million customers annually. It will use the $5.3 million to enhance its AI agents’ capabilities and expand enterprise customer capacity.