Former Infosys CEO's Hang Ten Raises $53M for Enterprise AI Services

Hang Ten Systems Inc., an enterprise artificial intelligence services startup founded by former Infosys CEO Vishal Sikka, has announced it raised $53 million in a second seed round, just under three months after its initial funding. The company provides advisory, transformation, and applied AI services to large enterprises seeking to integrate AI into their operations. Hang Ten's delivery model is based on agentic code generation and a reusable library of skills, complemented by domain experts, allowing it to build, modify, and run enterprise software at significantly lower costs and timelines compared to traditional systems integrators. The startup has secured contracts with major companies, including Saudi Aramco and Siemens Energy, and has signed several multimillion-dollar agreements within weeks of initial meetings. The new capital will be used to enhance delivery capacity and expand its engineering and consulting teams, with plans to hire in Europe and India. This funding round highlights the growing urgency for enterprises to implement AI solutions effectively, reflecting a significant trend in the market as companies seek reliable partners to navigate the complexities of AI integration.