Ex-Infosys CEO's AI Startup Raises $85M Total

Hang Ten Systems, the AI startup founded by former Infosys CEO Vishal Sikka just four months ago, has raised an additional $53 million in seed funding, bringing its total to $85 million. The round was led by Temasek's Xora platform, with participation from Mayfield, Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang. The Palo Alto startup helps large enterprises modernize software using AI, promising tenfold improvements in cost or speed with teams a fraction of traditional size. Despite only launching in May, Hang Ten counts Fresenius Kabi, Saudi Aramco, and Siemens Energy among its customers, has secured multiple seven-figure contracts, and has already turned down acquisition offers from major companies.