Former Infosys chief’s AI startup nabs another $53M

Hang Ten Systems, founded by former Infosys CEO Vishal Sikka, raised $53 million from Temasek’s Xora, raising total funding to $85 million. The AI startup advises large enterprises, many with revenues over $10 billion, on strategy and software modernization, winning multiple seven-figure contracts and pursuing eight-figure deals with Fresenius Kabi, Saudi Aramco, and Siemens Energy. It will expand engineering, consulting, and sales teams in the U.S., Middle East, Australia, Europe, and India.