Hang Ten adds $53 million to build enterprise software

Hang Ten Systems told TechCrunch’s Jagmeet Singh that it had closed the additional investment five weeks after its initial $32 million seed round. Xora, Temasek’s early-stage investment platform, led the new financing, with earlier lead investor Mayfield also participating.

Founded in May by former Infosys CEO Vishal Sikka, the Palo Alto business advises large companies on AI and helps build and modernise their software. It typically targets enterprises with more than $10 billion in annual revenue.

Smaller teams, with final checks elsewhere

Sikka says Hang Ten has secured multiple seven-figure contracts. Its customers include Fresenius Kabi, Saudi Aramco and Siemens Energy. The 21 enterprises he describes as its pipeline combine existing customers and late-stage prospects, rather than 21 signed customers.

Co-founder Sanjay Rajagopalan says engineers use an internal framework called Hobie, which packages reusable AI skills for regulated industries and complex software work. He claims some projects can use two to four people where about 30 might previously have been needed; customers or independent third parties still handle final quality checks and certification.

The company promises a tenfold improvement in cost, speed or a combination of both. That is its commercial claim, not an independently established result. The funding will support hiring, including planned expansion into Europe and India.