Vishal Sikka's New Venture Hang Ten Systems Raises $32 Million to Revolutionize IT Services with AI

Vishal Sikka, the former CEO of Infosys, has launched a new startup called Hang Ten Systems, which aims to disrupt the traditional IT services industry by leveraging AI to build, modify, and operate software. The company has raised $32 million in seed funding led by Mayfield, with participation from Aramco Ventures and angel investors. Hang Ten's approach focuses on using AI-driven development and automation to help enterprises continuously deliver software, a departure from the traditional outsourcing model. With a board that includes Yahoo co-founder Jerry Yang, the startup is already working with clients such as Siemens Gamesa Renewable Energy and Fresenius on AI-native project delivery.

Sikka's experience in building enterprise software at SAP and his subsequent role as a board member for Oracle have likely contributed to the interest in his new venture. Mayfield Managing Partner Navin Chaddha notes that the company has made significant progress in just a month, with customers already on board. As the IT services industry grapples with the impact of AI, Hang Ten's launch has sparked debate about whether AI will expand the industry's addressable market or fundamentally alter how enterprise software is built and delivered. With plans to expand globally, Hang Ten is hiring across various roles and is poised to make a significant impact in the industry.

Source: TechCrunch