Former Infosys chief has a new startup that wants to challenge the IT services world
Summary
Former Infosys CEO Vishal Sikka has launched a new startup, Hang Ten Systems, which recently secured $32 million in seed funding. The company aims to disrupt the traditional IT services sector by utilizing AI-driven automation for building and maintaining enterprise software, moving away from labor-intensive models. With a team featuring long-time collaborators and backing from investors like Mayfield, Hang Ten is already working with major clients such as Siemens Gamesa, positioning itself to capitalize on the shift toward agentic code generation and AI-native project delivery.
(Source:TechCrunch)