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Hang Ten Systems is leveraging generative AI to drastically reduce the marginal cost of software development, shifting enterprise focus from code writing to requirement definition and system validation. With backing from major investors like Intel and Micron, the startup aims to help large corporations modernize their software stacks rapidly using this new paradigm. This funding validates the thesis that AI can compress traditional software build cycles into a matter of days rather than months.
Former Infosys chief’s AI startup nabs another $53M
The Palo Alto startup says it has landed multiple seven-figure enterprise contracts within months of launch.
Hang Ten Systems, an AI startup founded by former Infosys CEO Vishal Sikka just four months ago, has expanded its seed funding by another $53 million. This new investment round was closed just five weeks after the initial $32 million seed round was closed, the company tells TechCrunch. The fresh investment, led by Temasek’s early-stage investment platform Xora, takes Hang Ten’s total funding to $85 million. Mayfield, which led the startup’s earlier investment, also participated. Other investors include Aramco Ventures, Intel CEO Lip-Bu Tan,…
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