Former Infosys CEO launches AI-driven IT services startup
Original: Former Infosys chief has a new startup that wants to challenge the IT services world
Why This Matters
Challenges traditional IT services business model worth billions; signals AI automation's potential to transform enterprise software development.
Vishal Sikka, former CEO of Infosys, founded Hang Ten Systems to use AI for enterprise software development and maintenance. The startup raised $32 million in seed funding led by Mayfield, with backing from Aramco Ventures and angels including Yahoo co-founder Jerry Yang.
Vishal Sikka, who led Infosys for 12 years and previously worked at SAP and Oracle, launched Hang Ten Systems to challenge traditional IT services by using AI-driven development and automation for enterprise software. The startup raised $32 million in seed funding announced June 24, 2026, led by venture firm Mayfield with strategic investment from Aramco Ventures. The board includes Yahoo co-founder Jerry Yang. Hang Ten Systems, headquartered in the Bay Area, claims to help enterprises continuously build, modify, and operate software through AI automation. According to Mayfield Managing Partner Navin Chaddha, the company started a month prior and already secured customers including Siemens Gamesa Renewable Energy and Fresenius. The team includes co-founders Navin Budhiraja (CTO), Sanjay Rajagopalan (chief design officer), and Tao Liu (senior vice president of forward deployed engineering), all with prior experience working with Sikka. The startup is hiring across delivery, engineering, sales, and leadership globally. This launch comes as traditional IT services firms including Infosys partner with AI companies like Anthropic and OpenAI. Sikka previously founded VianAI in 2019, which raised $50 million in seed funding and $140 million in a 2021 round led by SoftBank Vision Fund 2, focusing on enterprise AI applications and analytics rather than software development automation.