Hang Ten Systems raises $53 million second seed

Hang Ten Systems was founded by Vishal Sikka, who was chief executive of Infosys between 2014 and 2017 and previously worked at SAP SE. After leaving Infosys, he co-founded Vianai Systems in 2019, which he left in April this year. The company's delivery model is built on agentic code generation and a reusable library of skills, with domain experts rounding it out, and Hang Ten says that setup lets it build, change and run enterprise software well under the cost and timeline of a traditional systems integrator. Projects so far have covered software development, finance analytics and human resources.

The funding comes less than three months after Hang Ten's first seed round, and the two rounds closed only five weeks apart. Several contracts worth millions of dollars each were signed with global enterprises in that window, and some engagements are multiyear development programs, with work on a few already finished. The company is building applications for Saudi Arabian Oil Co. and Siemens Gamesa, and Siemens Gamesa's Chief Executive Vinod Philip said Hang Ten delivered with a quality and speed that genuinely impressed him, after which the scope of work was widened. Hang Ten employs 20 to 25 people across the U.S., the Middle East and Australia, and plans to hire in Europe and India.

The new capital will pay for delivery capacity on current engagements and a bigger engineering and consulting organization, with some going to the platform, infrastructure and skills library. Xora Innovation led the round, with Mayfield and Aramco Ventures returning. Individual backers include Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra and Yahoo co-founder Jerry Yang, who has joined the board. Aramco Ventures CEO Mahdi Aladel said the more closely his team looks at Hang Ten's approach, the more functions and use cases they find across their own operations where it would fit, and projects at Aramco are already being scoped. Whether Hang Ten can convert that stated urgency into repeatable delivery at scale, as it expands hiring into Europe and India, is likely to determine the next stage for the company.