Funding · Professional & Local Services

Hang Ten Systems raises $53M seed extension

By Startup Enthusiast · 17 September 2026

What they do

Hang Ten helps large companies adopt AI for software projects and business functions

It raised a $53M seed extension led by Xora Innovation, with Mayfield and Aramco Ventures participating

The company is 4 months old and has already signed multi-million-dollar contracts with Saudi Aramco and Siemens Gamesa

Hang Ten Systems raised $53M in additional seed funding.
The round is a seed extension, bringing total funding to $85M.
The lead investor is Xora Innovation, a Temasek-backed fund.
Existing investors Mayfield and Aramco Ventures also participated.
Angel investors include Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang.
Jerry Yang joined Hang Ten's board of directors.
The company was founded in May 2026 and is only 4 months old.
The two seed rounds were closed just 5 weeks apart.

Xora sees enterprise AI implementation as a bottleneck and invests in firms that deploy AI securely in core processes.
Mayfield has $3B in AI investments and backs companies from seed to IPO.
Aramco Ventures manages $7.5B and provides strategic enterprise connections.
Hang Ten competes with traditional IT services firms like Infosys, TCS, Wipro and AI companies like OpenAI, Anthropic.

Hang Ten advises large enterprises on using AI and helps them transform their operations.
It builds AI agents that automate tasks in software development, finance, analytics, and other areas.
Its approach combines automated code generation, a library of reusable AI skills called Hobie framework, and deep domain knowledge.
It works across software development, financial analytics, enterprise migrations, HR, and other business functions.
It aims to deliver projects with smaller teams and shorter timelines than traditional systems integration.
The company says it can improve cost or speed by 10 times.
Teams of 2-4 people handle projects that might previously have required about 30 people (company claim).

Xora Innovation (lead) — Temasek-backed fund investing in AI infrastructure, applied AI, and deep tech.
Mayfield (existing) — Early-stage VC with $3B in AI investments, backs companies from seed to IPO.
Aramco Ventures (existing) — Manages $7.5B committed capital; provides strategic enterprise connections and deployment opportunities.
Lip-Bu Tan (angel) — Intel CEO.
Sanjay Mehrotra (angel) — Micron CEO.
Jerry Yang (angel) — Yahoo co-founder; also joined Hang Ten's board.