Hang Ten Systems raises $53M in second seed round, four months after launch
Vishal Sikka's AI startup has now secured $85M total funding on the strength of early enterprise customer wins.
What to know
- Hang Ten Systems, founded by former Infosys CEO Vishal Sikka in May 2026, raised $53M in a second seed round just five weeks after closing a $32M first round, reaching $85M total funding.
- The startup has already signed multiple seven-figure contracts with 21 major enterprises including Fresenius Kabi, Saudi Aramco, and Siemens Energy, demonstrating rapid customer adoption.
- Hang Ten positions itself as an independent advisor helping large enterprises use AI for software development, competing against AI model developers and traditional consulting firms expanding into generative AI.
- The company plans to expand from 20-25 employees to hire in Europe and India, betting that AI can shift software development from code-writing to requirements definition and system validation.
“Enterprises still need trusted partners who are independent of the underlying platform and who work with and solely in the interest of the enterprise.”
Vishal Sikka, Hang Ten CEO · TechCrunch ↗ · Sep 15
Vishal Sikka Founder and CEOSanjay Rajagopalan Co-founder and Chief Design OfficerXora Lead investor in second seed roundMayfield Lead investor in first seed round
How it unfolded 1 development · click the chart to see its coverage articlesposts
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Hang Ten reports enterprise customer traction within months of launch
Sikka discloses that Hang Ten is working with 21 major enterprises, has secured multiple seven-figure contracts, and is pursuing eight-figure deals. The company signed one multimillion-dollar contract within 25 days of the first customer meeting. Customers include Fresenius Kabi, Saudi Aramco, and Siemens Energy across the U.S., Europe, the Middle East, and Asia.
“Within 25 days of the first meeting with one customer, Hang Ten signed a multimillion-dollar contract to build a mission-critical software system.”
— Vishal Sikka -
background
Hang Ten closes $53M second seed round, five weeks after first close — Hang Ten expands its seed funding by $53 million in a round led by Temasek's Xora, with participation from Mayfield and investors including Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang. Total funding reaches $85 million.
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Hang Ten closes initial $32M seed round led by Mayfield — The startup completes its first seed round of $32 million, with Mayfield leading the investment.
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Vishal Sikka founds Hang Ten Systems — Former Infosys CEO Vishal Sikka launches Hang Ten Systems as an AI startup focused on helping large enterprises build and modernize software using artificial intelligence.
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first by Yahoo Finance, 11d ago · also TechCrunch
1 more headline
- Former Infosys chief's AI startup nabs another $53M | TechCrunch Mastodon · 11d ago
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