Why we built HiveCobol
In Q3 2024, a LATAM bank called us with a problem they hadn't been able to solve in 3 years. They had 12 million lines of COBOL written between 1987 and 2003. The team that understood it was retiring. McKinsey had quoted USD 4M and 18 months of "discovery".
The CTO asked us: "can you understand the code?" We said: "no, but we can train an agent that can." In 14 days, the agent mapped 87% of the codebase, identified 3,400 hidden dependencies, and delivered a signed modernization plan. That was HiveCobol v0.
Today it runs in production at 4 banks. We packaged it as a product because the same 3,400 dependency patterns repeat across 90% of the mainframes we look at. There was no reason to rewrite it every time. There's no reason for you to hire a consultancy to sell you 6 months of discovery on your own code.
— Sebastian Redondo, founder · Buenos Aires