Former Infosys CEO's AI Startup Secures $53M Additional Seed Funding
Hang Ten Systems, an artificial intelligence (AI) startup founded by former Infosys CEO Vishal Sikka in May 2024, has raised an additional $53 million in seed funding. This brings the company’s total funding to $85 million and marks a rapid expansion just five weeks after its initial $32 million round. The latest investment was led by Temasek's early-stage platform Xora with participation from Mayfield, Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang. Hang Ten focuses on helping large enterprises reshape their software development processes using AI. The startup works primarily with companies generating over $10 billion in annual revenue to build mission-critical systems at significantly reduced costs and timeframes. It has already secured multimillion-dollar contracts within weeks of initial meetings, working across 21 major global enterprises including Fresenius Kabi, Saudi Aramco, and Siemens Energy. With the new funding, Hang Ten plans to expand its engineering, consulting, and sales teams globally while competing in a crowded AI enterprise market. The startup differentiates itself by adapting existing AI tools for complex software development rather than building proprietary models.
Topics: AI Enterprise Software Startup Funding