Hang Ten Systems, which uses AI to help large enterprises build software, raised an additional $53M seed led by Xora, five weeks after its initial $32M seed

Large enterprises can now achieve 10x improvements in software development cost and speed by leveraging AI. Customers have seen multi-million dollar contracts close within 25 days, indicating significantly accelerated enterprise deal cycles.

Hang Ten Systems, an AI startup founded in May by former Infosys CEO Vishal Sikka, has secured an additional $53 million in seed funding led by Xora, Temasek's early-stage investment platform. This new round follows an initial $32 million seed investment closed just five weeks prior, bringing Hang Ten's total funding to $85 million. Mayfield, which led the first seed round, also participated, alongside investors such as Aramco Ventures and Intel CEO Lip-Bu Tan. The company focuses on helping large enterprises (over $10 billion in annual revenue) build and modernize software using AI, promising significant improvements in cost and speed. Hang Ten has already secured multi-million dollar contracts with major enterprises like Fresenius Kabi, Saudi Aramco, and Siemens Energy, with some deals progressing to eight-figure valuations. The startup plans to use the new capital to expand its engineering, consulting, and sales teams globally.

Hang Ten's rapid fundraising and early customer traction suggest a strong market demand for AI-driven software development solutions tailored to enterprise needs. The company's strategy of adapting existing AI models rather than building new ones, combined with its proprietary Hobie framework, positions it as a key player in the enterprise AI services market, potentially disrupting traditional systems integrators.

The involvement of high-profile investors and the quick succession of funding rounds indicate strong confidence in Hang Ten's business model and leadership. This suggests a growing trend where specialized AI consultancies are emerging to bridge the gap between AI capabilities and complex enterprise software requirements, offering a more agile and cost-effective alternative to incumbent service providers.