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Vishal Sikka’s Hang Ten Raises $53 Million More
Hang Ten Systems is a young company started by Vishal Sikka, the former Infosys CEO mentioned in the article.
It helps large businesses use artificial intelligence when building software.
It does not create its own AI models like OpenAI or Anthropic.
Instead, it combines existing AI tools with business software projects.
The company has raised $53 million in a new investment round.
Together with its earlier funding, it has raised $85 million in about four months.
Hang Ten says its tools can help small teams complete projects that once needed many more people.
The new money will help it hire workers, improve its tools and expand into new regions.
Hang Ten Systems has raised $53 million in a funding round led by Xora, bringing its total funding to $85 million.
The company, founded by Vishal Sikka in May, raised $32 million in an earlier seed round five weeks before the latest round.
Hang Ten helps large enterprises integrate artificial intelligence into software engineering rather than developing its own AI models.
Its Hobie framework combines AI tools with enterprise software projects, which the company says can let teams of two to four people handle work previously requiring about 30 people.
The new funding will support hiring in engineering, consulting and sales, further platform development, and expansion into Singapore and Southeast Asia.
- Who
- Hang Ten Systems, founded by Vishal Sikka, raised the funding from investors including Xora, Mayfield, Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra and Yahoo co-founder Jerry Yang.
- What
- Hang Ten Systems raised $53 million, bringing its total funding to $85 million.
- Where
- Hang Ten is discussing projects with 21 companies in the United States, Europe, the Middle East and Asia, and plans to expand into Singapore and Southeast Asia.
- When
- The company was founded in May, and the two funding rounds were completed five weeks apart, about four months after its formation.
- Why
- The funding will help Hang Ten expand its engineering, consulting and sales teams, develop its platform and AI tools, and enter additional markets.
Key facts
- Latest funding
- $53 million
- Total funding
- $85 million
- Earlier seed round
- $32 million
- Lead investor
- Xora, an early-stage investment platform backed by Temasek
- Enterprise framework
- Hobie
- Reported customer traction
- A contract worth millions of dollars was signed 25 days after the first customer meeting
- Expansion plans
- Singapore, Southeast Asia and other markets
Quotes
Vishal Sikka
Founder of Hang Ten Systems and CEO of Infosys
“AI could be the most powerful amplifier we have ever created. However, in the enterprise world, the power of AI must go hand in hand with reliability.”
thehansindia.com
“The construction phase itself has come to have zero marginal cost and execution time”
thehansindia.com
Sources
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