Temasek-backed Xora leads Hang Ten’s US$53M seed round

Bangkok-based AI startup Xora has secured a significant US$53 million investment in a seed round for Hang Ten Systems, just five weeks after the company closed its first funding round. The lead investor in this round is Xora, a Temasek-backed fund focused on AI and deep tech, with participation from Mayfield and Aramco Ventures. This brings Hang Ten's total funding to US$85 million.

Hang Ten's unique offering lies in its AI-native delivery model, which combines agentic code generation, a reusable library of technical "skills," and domain expertise to help large enterprises develop, modify, and operate enterprise software faster and more efficiently. The company's focus is on making AI reliable, secure, and useful for complex organizations with legacy software, strict governance, and fragmented data.

Enterprise AI adoption remains a challenge, with many organizations struggling to translate AI into real economic value. While large language models can write code, summarize documents, and automate parts of office work, the real difficulty lies in implementing those capabilities in a reliable, secure, and useful manner within complex organizations. Hang Ten aims to fill this gap by providing advisory, transformation, and applied-AI services to large enterprises.

The company's services include software development, finance analytics, enterprise migrations, human resources, and other internal business functions. Recent contracts with global enterprises, covering advisory and software development work, indicate a growing interest in Hang Ten's approach. With the new funding, the company plans to expand its delivery capacity, hire across engineering and consulting, and continue building its platform and infrastructure.