Vishal Sikka, former CEO of Indian IT giant Infosys, has launched Hang Ten Systems, an AI-native enterprise services startup that has raised a $32 million seed round led by Mayfield, with strategic investment from Aramco Ventures and participation from angel investors. The company’s board includes Yahoo co-founder Jerry Yang.
Hang Ten is built around the premise that AI can now perform much of the software customisation, integration, and maintenance work that IT services firms have charged enterprises billions of dollars to deliver for decades. The startup uses agentic code generation, reusable AI skills, and domain expertise to help large organisations continuously build, modify, and operate software. Early customers include Siemens Gamesa Renewable Energy and Fresenius.
Mayfield managing partner Navin Chaddha noted the company had only launched a month prior to its funding announcement and already had paying customers, describing Hang Ten’s AI-native model as one that scales through accumulated project leverage rather than headcount growth.
The founding team includes co-founders Navin Budhiraja as CTO, Sanjay Rajagopalan as chief design officer, and Tao Liu as senior vice president of forward deployed engineering, all of whom worked with Sikka across SAP, Infosys, and his previous enterprise AI venture VianAI.
Hang Ten enters a market under intense scrutiny, with analysts debating whether AI will disrupt traditional IT services or expand them, as Infosys shares have fallen over 35% this year amid investor reassessment of the sector’s long-term economics.
