Former Infosys chief’s AI startup nabs another $53M
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Hang Ten Systems, an AI startup founded by former Infosys CEO Vishal Sikka four months ago, has secured an additional $53 million in funding—just five weeks after an initial $32 million seed round.
Total funding now stands at $85 million. The company helps large organizations (over $10 billion in annual revenue) with AI strategy and software development. Hang Ten has already signed multiple seven-figure contracts with customers including Siemens Energy, Saudi Aramco, and Fresenius Kabi, and claims it can reduce team size from 30 people to 2-4 for certain projects.
Within 25 days of the first meeting with one customer, Hang Ten signed a multimillion-dollar contract to build a mission-critical software system, Sikka said, adding that he had never seen enterprise deals move that quickly.
Vibekollen prepared this summary with AI from the original publication. The content belongs to TechCrunch AI.
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