Hang Ten Systems, an AI startup founded by former Infosys CEO Vishal Sikka, has closed a $53 million extension to its seed round, bringing total funding to $85 million just five weeks after its initial $32 million raise. The September 2026 round was led by Xora, the early-stage investment platform of Singapore’s Temasek, with participation from Mayfield, which led the first round.
Other investors in the extended round include Aramco Ventures, Intel CEO Lip-Bu Tan, Micron CEO Sanjay Mehrotra, and Yahoo co-founder Jerry Yang, who also holds a board seat at the company.
Founded in May 2026 and headquartered in Palo Alto, Hang Ten targets enterprises with over $10 billion in annual revenue, advising on AI strategy and helping build and modernize software. The startup says its in-house framework, called Hobie, packages reusable AI capabilities tailored to regulated industries and complex enterprise software projects. According to CTO Sanjay Rajagopalan, teams of two to four people are handling projects that previously required around 30, with the startup promising customers a tenfold improvement in cost, speed, or a combination of both.
The company says it is already working with 21 major enterprises, including Fresenius Kabi, Saudi Aramco, and Siemens Energy, across the U.S., Europe, the Middle East, and Asia. It has secured multiple seven-figure contracts and is pursuing eight-figure deals. Sikka said one multimillion-dollar contract was signed within 25 days of a first customer meeting.
Xora approached Hang Ten after observing those early customer wins, Sikka said, and also saw an opportunity to connect the startup with companies in Temasek’s portfolio. Sikka declined to disclose the startup’s valuation but said the extension was priced at a higher valuation than the initial round.
Hang Ten plans to use the new capital to expand its engineering, consulting, and sales teams. The company currently employs 20 to 25 people across the U.S., the Middle East, and Australia, and expects to hire in Europe and India. Sikka also told TechCrunch the startup has received acquisition offers from “very big companies” but has declined them to focus on growth.
Source: TechCrunch