Vishal Sikka's Hang Ten Systems raises $53M for AI software development

hang ten systems, founded by vishal sikka, raised $53m in new investment, led by temasek's xora, bringing their total funding to $85m. the startup helps large companies, typically with over $10b in annual revenue, build and modernize software using ai. hang ten has signed a multimillion-dollar contract with one customer within 25 days of the first meeting and is working with 21 major enterprises. the fresh capital will be used to expand its engineering, consulting, and sales teams.