Vishal Sikka, former CEO of Infosys, has launched a new startup called Hang Ten Systems, which aims to revolutionize the IT services industry by leveraging AI-driven development and automation. The startup has secured a $32 million seed round led by Mayfield, with participation from Aramco Ventures and angel investors. Hang Ten's approach focuses on agentic code generation, reusable AI skills, and domain expertise to help enterprises build, modify, and operate software. This marks a significant shift from traditional IT services firms, which have relied on manual labor to customize, integrate, and maintain enterprise software. Sikka's experience in building enterprise software at SAP and his previous stint as CEO of Infosys have given him a unique understanding of the industry's pain points. Hang Ten's early customers include Siemens Gamesa Renewable Energy and Fresenius, and the startup is already hiring across various roles to meet growing demand. The company's AI-native model is designed to scale differently from traditional services firms, with leverage growing exponentially with each project. As the IT services industry grapples with the impact of AI on its business model, Hang Ten's emergence has sparked debate about the potential for AI to expand the industry's addressable market or fundamentally alter how enterprise software is built and delivered. With its strong leadership team and innovative approach, Hang Ten Systems is poised to make a significant impact in the industry.

Source: TechCrunch