Market & RegulationInvestment · $32M
Former Infosys CEO launches AI startup Hang Ten Systems
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Why it matters
- →Hang Ten Systems aims to disrupt traditional IT services with AI-driven automation.
- →The startup's approach could significantly alter how enterprise software is developed and maintained.
- →This move reflects a broader industry trend towards integrating AI into IT services.
Vishal Sikka, the former CEO of Infosys, has launched a new startup called Hang Ten Systems, which aims to transform the IT services industry using AI. The startup has raised $32 million in a seed round led by Mayfield, with participation from Aramco Ventures. Hang Ten focuses on AI-driven software development and automation, positioning itself as a potential disruptor in a market traditionally dominated by human labor. This development underscores the growing interest in AI's ability to reshape enterprise software services.
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