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Former Infosys CEO Vishal Sikka's new startup announced the funding on Wednesday with backing from Mayfield and Aramco Ventures. The Bay Area company focuses on AI-driven enterprise software development.
TechcrunchHang Ten Systems raised a $32 million seed round led by Mayfield with a strategic investment from Aramco Ventures and participation from angel investors, @techcrunch reported. The company announced the round on Wednesday. Vishal Sikka, 59, founded Hang Ten Systems after stepping down as Infosys CEO in 2017 and later founding VianAI.
The startup helps enterprises continuously build, modify, and operate software using AI-driven development and automation. The company is working with Siemens Gamesa Renewable Energy and Fresenius on AI-native project delivery. Its board includes Yahoo co-founder Jerry Yang.
Headquartered in the Bay Area, Hang Ten Systems is hiring across delivery, engineering, sales, and leadership roles while planning global expansion. Co-founders include Navin Budhiraja as CTO and Sanjay Rajagopalan as chief design officer, with Tao Liu serving as senior vice president of forward deployed engineering.
Mayfield Managing Partner Navin Chaddha said the company had only started a month earlier yet already secured customers.
Mayfield cited Sikka's experience and the startup's model, which allows leverage to grow with each project rather than scaling linearly with headcount.
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oreilly.comAnthropic sent a June 10 letter to senators detailing 28.8 million exchanges with its models via 25,000 fraudulent accounts linked to Alibaba between April 22 and June 5. The company also faces a Trump administration export control directive on two Claude models.
Micron Technology posted third-quarter revenue of $41.5 billion and adjusted earnings per share of $25.11, both above analyst estimates. The company also issued fourth-quarter guidance that exceeded consensus forecasts.
Cerebras Systems reported first-quarter revenue of $193 million, up 94% from a year earlier, but guided for full-year gross margins of 38% to 41%. The stock fell sharply on the narrower outlook, reaching a new low near its IPO price.