HANG TEN SYSTEMS LAUNCHES WITH $32M TO CUT SOFTWARE COSTS

Hang Ten Systems targets a market traditionally dominated by IT services firms that have generated billions helping companies customize, integrate, and maintain enterprise software. Sikka's new venture positions AI as a way to streamline these costly processes. By automating routine software management tasks, the startup promises to lower the total cost of ownership for enterprise applications. The $32 million seed round, led by venture firm Mayfield, signals investor confidence in the approach. The funding provides runway to develop the platform and acquire initial enterprise customers. The move reflects a broader industry shift where AI tools are replacing traditional outsourced IT services. Rather than hiring external teams for software maintenance and integration, companies increasingly deploy AI solutions to handle these functions internally at lower cost. Sikka brings significant credibility to the venture, having led India's second-largest IT services company before stepping down in 2019.