Former Infosys CEO Vishal Sikka launches Hang Ten Systems with $32M seed

In short: Vishal Sikka, the former CEO of Infosys, has started a new company called Hang Ten Systems and it has raised $32 million to use AI to help companies build and run software.

What happened

Hang Ten Systems says it helps large businesses continuously build, change, and operate their software using AI and automation. In simple terms, it aims to make some work that is often done by large IT services teams faster by using software tools that can assist with coding and setup (like an extra helper that can draft and update parts of a program).

The company announced a $32 million seed funding round led by Mayfield. It also included a strategic investment from Aramco Ventures and support from angel investors. Hang Ten said its board includes Yahoo co-founder Jerry Yang.

According to TechCrunch, the startup is already working with customers including Siemens Gamesa Renewable Energy and Fresenius. Mayfield’s Navin Chaddha said the company started about a month ago and already has customers. Hang Ten is based in the San Francisco Bay Area and says it is hiring in engineering, delivery, sales, and leadership, with plans to expand globally.

Why it matters

Big IT services firms have long made money by sending teams to help other companies customize and maintain business software. Hang Ten is betting that AI can do more of that repeat work, which could change how quickly companies can update the software they rely on every day. It also adds to the wider debate about whether AI will mainly reduce costs in this industry, or create more demand for new kinds of software work.

Source: TechCrunch AI