Hypercubic Raises $5.3M Seed to Modernize COBOL Mainframes
Fundraise Insider tracks newly funded startups each week and delivers verified sales leads of C-suite contacts straight to your inbox, so you reach the right people while the funding is still fresh. See pricing.
Hypercubic has raised $5.3 million in a Seed round led by CIV. Y Combinator, Afore Capital, Pioneer Fund and Multimodal Investors joined, along with angels including Opendoor chief executive Kaz Nejatian and Venky Harinarayan, a former Amazon Marketplace engineer and co-founder of Walmart Labs.
The company puts AI agents to work on a problem most engineers avoid. Decades old COBOL codebases still run large parts of banking, insurance and government, and nobody wants to touch them. Hypercubic’s agents read those systems, document what they find, then rewrite them, automating a meaningful share of what mainframe modernization projects normally require in human hours.
Sai Gurrapu and Aayush Narik built the company. Both are former Apple AIML engineers, and they are aiming their platform at maintenance and modernization infrastructure for mainframe and COBOL systems.
Hypercubic operates from San Francisco. The California company came through Y Combinator, which also backed this round.
Engineering firms and consultancies that want to reach newly funded technical buyers can build a target list with Software Development Leads.