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 startup Vianai 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.”
