Ex-Infosys CEO Vishal Sikka’s startup Hang Ten Systems raises $53 million
Hang Ten is building AI software for large enterprises, with a focus on software development and other technology-intensive work. Its platform uses AI agents to automate parts of enterprise software projects, including development, migration, finance and analytics.
Former Infosys CEO Vishal Sikka's AI startup Hang Ten Systems has secured $53 million in funding from Xora Innovation, a fund backed by Singaporean Temasek. The round brings the company's total funding to $85 million. Existing investors Mayfield and Aramco Ventures also participated. Hang Ten specializes in AI software for large enterprises, focusing on automating software development, migration, finance, and analytics through AI agents.
The company has signed multi-million-dollar contracts with global enterprises like Saudi Aramco and Siemens Gamesa Renewable Energy. With the new capital, Hang Ten plans to grow its engineering and consulting teams, increase project capacity, and further develop its AI platform.
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