Former Infosys CEO Vishal Sikka’s new AI venture, Hang Ten Systems, has raised $32 million (₹302 crore) in a seed funding round led by private equity firm Mayfield Ventures. The round also included participation from Aramco Ventures and a group of angel investors. The startup announced the funding this week and plans to use the capital to expand its team and deepen engagements with global enterprises, according to inc42.com.
Hang Ten Systems positions itself as an enterprise AI services company focused on helping large corporations adopt AI through agentic code generation and a reusable skills library. Sikka shared on X that the platform is already collaborating with Siemens Gamesa Renewable Energy and Fresenius on AI-native project delivery. The startup offers a continuous software operating model that reduces cost and time, supported by a forward deployed engineer bench and specialized capabilities in enterprise transformation, finance, HR, and product development, inc42.com reported.
The $32 million seed round underscores growing investor interest in AI startups that target enterprise digital transformation. Hang Ten’s approach combines frontier AI expertise with decades of industry experience to deliver scalable AI solutions. This funding round places Hang Ten alongside other enterprise AI ventures attracting significant capital, reflecting the broader trend of AI adoption in sectors like renewable energy and healthcare, as evidenced by its partnerships with Siemens Gamesa and Fresenius, according to inc42.com.
Hang Ten Systems will leverage the fresh funds to build its team and expand its global enterprise partnerships. The startup’s focus on agentic code generation and reusable skill libraries aims to streamline SaaS tool development and operation. The company’s next milestones include scaling its AI-native project delivery with existing clients and broadening its market footprint, inc42.com stated.