Vishal Sikka Launches Enterprise AI Venture Hang Ten
The Palo Alto-based startup, backed by a $32 million seed round led by Mayfield, wants to help large companies build and run software with AI.
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Image Credit- Chetan Jha/ MIT Sloan Management Review India
Former Infosys chief executive officer Vishal Sikka has launched Hang Ten Systems, an enterprise AI startup backed by $32 million in seed funding led by venture capital firm Mayfield.
The round also included a strategic investment from Aramco Ventures and participation from angel investors.
Based in Palo Alto, Hang Ten is aimed at large companies trying to move AI from pilots into software that runs core business functions.
The company said it will help enterprises build, change and operate software faster by using agentic code generation, reusable skills libraries and domain expertise.
Hang Ten is positioning itself as an alternative to conventional enterprise software implementation, arguing that generative AI can significantly reduce the time and cost involved in building and customizing business applications.
“Every single enterprise will be transformed by AI. A few are already reaping massive benefits, building in days what used to take years. But most are stuck at the starting line, or worse, and the gap is widening every day,” Sikka, Co-Founder and Chief Executive of Hang Ten, said in a statement.
The startup said it is focused on software supporting enterprise functions such as finance, human resources and product development. Instead of relying on lengthy configuration, customization, integration and testing cycles, the company said enterprises can increasingly build capabilities using AI-generated code.
Hang Ten said it is already working with customers including Siemens Gamesa Renewable Energy and healthcare company Fresenius on AI-native software delivery projects.
The launch marks Sikka’s latest venture in enterprise AI. He founded Vianai Systems in 2019 after stepping down as chief executive of Infosys. Before joining Infosys, Sikka led products and technology at SAP.
Mayfield Managing Partner Navin Chaddha said the firm invested in Hang Ten at its inception, citing the growing importance of AI adoption for enterprise competitiveness.
“Within a few years, the gap between enterprises that use AI to real advantage and those that don’t will define entire industries,” Chaddha said.
Hang Ten said it will use the funding to expand its engineering, delivery, sales and leadership teams and scale its work with global enterprises.
