source: techcrunch ai: former infosys chief has a new startup that wants to challenge the it services world
level: business
vishal sikka, former ceo of infosys, has started hang ten systems, a bay area startup that aims to replace traditional it services with ai-driven automation. the company raised a $32 million seed round led by mayfield, with strategic investment from aramco ventures. hang ten helps enterprises build, modify, and operate software continuously using agentic code generation and reusable ai skills. its board includes yahoo co-founder jerry yang.
the startup enters a market where it services firms are racing to adopt ai through partnerships with companies like anthropic and openai. hang ten claims to scale differently from traditional firms, with leverage growing with each project rather than linearly with headcount. it is already working with customers like siemens gamesa renewable energy and fresenius. sikka, who spent 12 years at sap and served on oracle's board, previously founded enterprise ai startup vianai.
the launch comes amid debate over ai's impact on it services. analysts at jefferies argue the sector may face early disruption, while infosys chairman nandan nilekani sees ai expanding the market. infosys itself told investors that ai-first services could be a $300 billion to $400 billion market by 2030. hang ten is hiring globally and plans to expand to meet enterprise demand, with early team members from sap, infosys, and vianai.
why it matters: ai-driven automation could reshape the it services industry, affecting how enterprises build and maintain software and potentially disrupting a multi-billion dollar market.
source: techcrunch ai: former infosys chief has a new startup that wants to challenge the it services world