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Funding · AI & Deep Tech

Hang Ten Systems raises $32 Mn seed round led by Mayfield Ventures

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Date
Company
Hang Ten Systems
What it does
enterprise AI services
Kind
Funding
Amount
$85M
Stage
seed
Sector
AI & Deep Tech

What they do

Hang Ten Systems is an enterprise AI services company helping large enterprises adopt AI through agentic code generation and reusable skills libraries

What happened

The startup raised $32 Mn in a seed funding round led by Mayfield Ventures, with participation from Aramco Ventures and a group of angel investors

Why it matters

The company is already working with Siemens Gamesa Renewable Energy and Fresenius on AI-native project delivery and plans to use the funds to expand its…

The details

  • Hang Ten Systems raised $32 Mn in a seed funding round led by Mayfield Ventures, with participation from Aramco Ventures and a group of angel investors.
  • Vishal Sikka, former CEO of Infosys, founded the company and serves as its CEO.
  • The startup helps large enterprises adopt AI through agentic code generation and a reusable skills library.
  • Hang Ten aims to build and run SaaS tools for enterprises at a fraction of the cost and time.
  • The company is already working with Siemens Gamesa Renewable Energy and Fresenius on AI-native project delivery.
  • The startup has a 16-member team, including Navin Budhiraja, Sanjay Rajagopalan, Tao Liu, Frank Yu, Pradeep Panicker, and Yusuf Safdari.
  • Jerry Yang, co-founder of Yahoo, has joined Hang Ten’s board of directors.

The bigger picture

  • The funding comes amid growing demand for enterprise AI solutions, driven by the need for efficiency, productivity, workflow optimisation, automation, and sovereignty mandates.
  • The Indian GenAI ecosystem is projected to become a $126 Bn opportunity by 2030.
  • Sikka previously founded Vianai Systems in 2019, a Palo Alto-based GenAI startup.

About the business

  • Hang Ten Systems is an enterprise AI services company that helps large enterprises adopt AI through agentic code generation and a reusable skills library.
  • The company focuses on building and operating enterprise software using AI-native approaches, including agentic code generation, reusable skills libraries, and domain-specific expertise.
  • Hang Ten aims to help enterprises reduce the cost and time required for software development, customization, integration, and maintenance.
  • The startup works with global enterprises on AI-native project delivery and has already signed multi-million-dollar enterprise engagements.

What happens next

  • The startup plans to use the fresh funds to expand its team and scale its engagements with global enterprises.
  • Hang Ten aims to leverage agentic code generation and a reusable skills library to help companies build and run SaaS tools.

The deal

Type
funding

Investors

  • Mayfield Ventures (lead) — A private equity firm based in India.
  • Aramco Ventures (participated) — The VC arm of **Aramco**, the oil giant.

Founders

  • Vishal Sikka, CEO and founder
  • Jerry Yang, Board member

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