Former Infosys CEO Vishal Sikka’s latest AI venture, Hang Ten Systems, has raised $32 million in a seed funding round to expand its AI-native services for large enterprises, aiming to transform software delivery through agentic code generation and reusable skill libraries.
- Raised $32 million seed funding led by Mayfield Ventures
- Focus on AI-native project delivery for global enterprises
- Board includes former Yahoo CEO Jerry Yang
What happened
Hang Ten Systems, an AI startup founded by Vishal Sikka, ex-CEO of Infosys, announced a $32 million seed funding round. The round was led by prominent private equity firm Mayfield Ventures and included participation from Aramco Ventures and several angel investors. The startup, currently 16 members strong, counts industry veterans like Navin Budhiraja and Jerry Yang, former Yahoo CEO, on its board and team.
Hang Ten offers a novel enterprise AI services platform focused on accelerating adoption of AI by large organizations. It specializes in agentic code generation and reusable skills libraries to enable faster, more cost-effective software development and deployment. The startup is already collaborating with companies like Siemens Gamesa Renewable Energy and Fresenius to deliver AI-powered projects.
Why it matters
This sizeable seed investment highlights the increasing interest in AI-driven enterprise solutions in India and globally as organizations seek to harness AI for productivity, automation, and digital transformation. Hang Ten’s approach of combining frontier AI techniques with decades of enterprise expertise aims to meet the urgent need for scalable, adaptive AI services across sectors including finance, HR, and product development.
Vishal Sikka’s return to the AI space with Hang Ten underscores India’s growing leadership in generative AI and enterprise adoption, positioning the country’s GenAI ecosystem to potentially capture an estimated $126 billion opportunity by 2030. The participation of heavyweight investors like Mayfield and Aramco further validates the strategic promise of Hang Ten’s business model.
What to watch next
Key developments to monitor include Hang Ten’s ability to scale its team and widen its client portfolio beyond initial partnerships with Siemens Gamesa and Fresenius. Success in demonstrating cost and time efficiencies for enterprise AI projects could drive further investment and market traction. Their forward deployed engineer model and reusable code libraries will be critical to sustaining competitive differentiation.
Moreover, Hang Ten’s performance will likely influence investor sentiment toward India-based AI startups focused on enterprise solutions. Given Vishal Sikka’s track record with Infosys and Vianai Systems, market watchers and competitors will observe how effectively Hang Ten navigates AI adoption hurdles and regulatory considerations across global markets.