Vishal Sikka's Hang Ten Systems raises $53 million
Enterprise AI services startup Hang Ten Systems has raised $53 million in funding led by Xora Innovation, a fund backed by Singapore state investor Temasek, taking its total funding to $85 million. The four-month-old company announced a $32 million seed round led by Mayfield about five weeks earlier.
Existing investors Mayfield and Aramco Ventures also participated in the round, besides Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra and Yahoo cofounder Jerry Yang, who has joined Hang Ten’s board.
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Founded by former Infosys chief executive Vishal Sikka, Hang Ten is building AI software for large enterprises, with a focus on software development and other technology-intensive work. Its platform uses AI agents to automate parts of enterprise software projects, including development, migration, finance and analytics.
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