Hang Ten Systems secures $32M seed for AI services

Former Infosys CEO Vishal Sikka has launched Hang Ten Systems, a new enterprise AI services startup that has raised $32 million in seed funding. The company aims to fundamentally change how large corporations build, modify, and operate their business software by using artificial intelligence to automate tasks traditionally handled by large teams of human consultants and engineers.

The funding round was led by venture capital firm Mayfield, with a strategic investment from Aramco Ventures and participation from angel investors. Yahoo co-founder Jerry Yang has joined the company's board. Hang Ten is headquartered in the Bay Area and is already working with its first enterprise clients, including Siemens Gamesa Renewable Energy and healthcare company Fresenius.

Hang Ten's approach centers on using AI agents, automated code generation, and a library of reusable skills to handle software customization, integration, and maintenance. The company argues that unlike traditional IT services firms, which scale by adding more people, its AI-native model becomes more efficient with each project as the technology and knowledge developed for one client can be leveraged for others.