tech
Former Infosys chief has a new startup that wants to challenge the IT services world
Backed by Mayfield and Aramco Ventures, Vishal Sikka’s new venture brings together veterans from SAP, Infosys, and VianAI.
TL;DR
- Vishal Sikka, former CEO of Infosys, has launched a new startup called Hang Ten Systems.
- The startup raised $32 million in seed funding, led by Mayfield and including Aramco Ventures.
- Hang Ten Systems aims to use AI to perform IT services such as software customization, integration, and maintenance.
- The company's AI-native model is designed to scale leverage with projects, unlike traditional services that scale with headcount.
- Key executives from Sikka's previous ventures at SAP, Infosys, and VianAI are part of the Hang Ten Systems team.
- The launch occurs amid a debate about AI's impact on the IT services industry, with some seeing disruption and others opportunity.