en.Wedoany.com Reported - Hang Ten Systems, a new startup founded by former Infosys CEO Vishal Sikka, has secured $32 million in seed funding. The round was led by Mayfield, with strategic investment from Aramco Ventures and participation from several angel investors. Yahoo co-founder Jerry Yang serves on the company's board of directors. The Bay Area-based enterprise AI services company says it leverages AI-driven code generation, reusable AI skills, and domain expertise to help enterprises continuously build, modify, and operate software.
Hang Ten enters a market where traditional IT service companies are adapting to AI's impact through partnerships with firms like Anthropic and OpenAI. Sikka has a deep background in enterprise software, having spent 12 years at SAP and served on the board of Oracle. Mayfield managing partner Navin Chaddha told TechCrunch that the company "just started a month ago" and already has customers. In a related blog post, Sikka, 59, said he is helping large enterprises "ride the biggest wave of our lifetime" through Hang Ten.
The company says its AI-native project delivery has already collaborated with clients such as Siemens Gamesa Renewable Energy and Fresenius. Hang Ten is hiring for delivery, engineering, sales, and leadership positions, and plans to expand across multiple global locations to meet enterprise demand. Its early team includes executives who have worked with Sikka for years at SAP, Infosys, and his previous enterprise AI startup VianAI, including co-founder and CTO Navin Budhiraja, Chief Design Officer Sanjay Rajagopalan, and former Senior Vice President of Forward Deployment Engineering Tao Liu.
Sikka founded VianAI after stepping down as Infosys CEO in 2017. The company emerged from stealth mode in 2019 with $50 million in seed funding, followed by a $140 million round in 2021 led by SoftBank Vision Fund 2. Chaddha noted that Hang Ten differs from VianAI, which focused on enterprise AI applications and analytics tools aimed at helping businesses use artificial intelligence in decision-making.
Hang Ten's founding comes as investors discuss how AI will impact the economics of the IT services industry. Jefferies analysts believe IT services could be among the first sectors to face significant AI disruption. However, Infosys Chairman Nandan Nilekani said this week that AI could expand the industry's addressable market. Infosys told investors this month that "AI-first services" could represent a $300 billion to $400 billion market by 2030. Against this backdrop, investors are reassessing the prospects of traditional IT service companies, with Infosys shares falling more than 35% this year. Mayfield said that while traditional service companies see linear growth between scale and headcount, Hang Ten's AI-native model allows its leverage to increase as projects accumulate.
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