Hang Ten Systems, founded in May by former Infosys CEO Vishal Sikka, has expanded its seed funding by $53 million just five weeks after closing an initial $32 million round. The fresh investment, led by Temasek's early-stage investment platform Xora, brings total funding to $85 million. Mayfield, which led the earlier round, also participated, alongside Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang, who also sits on the company's board.
Hang Ten advises companies with over $10 billion in annual revenue on AI strategy and helps build and modernize software. Sikka told TechCrunch that AI is shifting software development from writing code to defining requirements and validating systems. “The build part itself has basically become close to zero marginal cost, close to zero time,” he said.
The startup claims rapid customer traction: it signed a multimillion-dollar contract within 25 days of an initial meeting with one customer, a speed Sikka said he had never seen in enterprise deals. Hang Ten is now working with 21 major enterprises across the U.S., Europe, the Middle East, and Asia, including Fresenius Kabi, Saudi Aramco, and Siemens Energy. It has secured multiple seven-figure contracts and is pursuing eight-figure deals.
Co-founder and chief design officer Sanjay Rajagopalan said the company's engineers use an in-house framework called Hobie that packages reusable AI “skills” for regulated industries and complex enterprise projects. “We are actually delivering production software,” he said. “It’s not like we are doing some kind of PoC.”
Sikka said Xora approached Hang Ten about investing after seeing its early customer wins, and sees an opportunity to introduce the startup to other companies in Temasek’s portfolio. Sikka declined to disclose valuation but said the second seed round was a bump up.
With the new capital, Hang Ten plans to expand its engineering, consulting, and sales teams. The startup currently has about 20 to 25 employees across the U.S., the Middle East, and Australia, and expects to hire in Europe and India.
The company enters a competitive market where AI model developers such as OpenAI and Anthropic are expanding enterprise offerings, and traditional consulting firms are embedding generative AI into their services. Sikka argues that enterprises need independent partners. “There will always be room for companies like us,” he said.