Synopsis
Former Infosys CEO Vishal Sikka has launched Hang Ten Systems, an AI startup focused on enterprise solutions, securing $32 million in seed funding led by Mayfield. The Palo Alto-based company aims to help large corporations translate AI investments into tangible business results.
Former Infosys CEO Vishal Sikka’s new venture Hang Ten Systems has raised $32 million in seed funding led by venture capital firm Mayfield, according to a LinkedIn post by Sikka on Wednesday.Launched on Tuesday and based in Palo Alto, California, Hang Ten Systems is an enterprise-focused artificial intelligence (AI) startup that helps large corporations translate AI investments into measurable business outcomes.The startup has also secured backing from Saudi Aramco’s venture arm, Aramco Ventures, while entrepreneur Jerry Yang has joined its board.With this round, Hang Ten will build out its team and expanding its work with global enterprises, the post mentioned.The venture marks Sikka’s latest bet on enterprise AI nearly a decade after he left Infosys and several years after founding AI startupVianai Systems. Announcing the venture, Sikka described AI as a transformative wave that enterprises must learn to navigate effectively. “AI is upon us all like a massive new wave,” he said, adding that Hang Ten’s mission is to help companies “thrive in the age of AI.”Sikka said the startup has already begun working with large global enterprises, including healthcare company Fresenius and energy technology firm Siemens Energy. He did not reveal any further information about the venture.The launch is the latest chapter in Sikka’s career spanning more than two decades in the tech industry. As a chief technology officer (CTO) at SAP, Sikka helped drive the development of the in-memory computing platform HANA. He later became the first non-founder chief executive of Infosys, where he pushed automation, AI and design-led innovation. Following his departure from Infosys in 2017, he founded Vianai Systems to bring AI-powered decision-making tools to enterprises.Now, with generative AI reshaping corporate technology spending, Sikka believes the biggest opportunity lies not in building models but in helping enterprises use them effectively.He said he has witnessed organisations achieve in minutes what once required years of effort, while many others continue to struggle to extract value from AI. “In that gap lies the biggest opportunity of our time,” Sikka said on X.
(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
…more
Elevate your knowledge and leadership skills at a cost cheaper than your daily tea.
