Market & RegulationInvestment · $53M
Hang Ten Systems raises $53M seed for AI enterprise dev
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Why it matters
- →Hang Ten raises $53M follow-on seed, totaling $85M in under five months.
- →Founded by ex-Infosys CEO Vishal Sikka, targeting enterprise AI software modernization.
- →Uses proprietary 'Hobie' framework to deliver production software for clients like Siemens Energy.
Hang Ten Systems, an AI startup founded by former Infosys CEO Vishal Sikka, has secured a $53 million follow-on seed investment led by Temasek’s Xora platform. This brings the company's total funding to $85 million just five weeks after its initial $32 million round. The Palo Alto-based firm focuses on helping large enterprises build and modernize software using an in-house framework named Hobie, which packages reusable AI skills for regulated industries. Current customers include Siemens Energy, Saudi Aramco, and Fresenius Kabi, with the company reporting multiple seven-figure contracts and claims of 10-fold efficiency gains over traditional development methods.
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