SIKKA LAUNCHES IT SERVICES STARTUP TO SHAKE UP INDUSTRY
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Vishal Sikka, former Infosys chief, has launched a new startup backed by Mayfield and Aramco Ventures. The venture assembles veterans from SAP, Infosys, and VianAI to challenge the traditional IT services model.
■ MORE FROM THE STARTUPS DESK
Vishal Sikka, former CEO of Infosys, has launched Hang Ten Systems with $32 million in seed funding led by Mayfield. The startup aims to help enterprises reduce software operational expenses through AI-driven solutions.
Abu Dhabi-based MGX has closed a nearly $50 billion fundraising round from regional and global investors to build one of the largest artificial intelligence infrastructure funds. The capital will accelerate spending on AI technology and infrastructure development.
Seltz, a startup building a web search engine designed for AI agents, secured $12.5 million in seed funding led by Speedinvest and B Capital. The funding reflects growing demand for search infrastructure tailored to artificial intelligence systems.
Agility Robotics, a humanoid robotics startup spun out of Oregon State University, plans to go public through a special purpose acquisition company (SPAC) merger valuing the company at $2.5 billion. The deal is expected to generate $620 million in proceeds.