Four month old startup secures $85 million in investments
The former head of Infosys, Vishal Sikka, founder of Hang Ten Systems, an AI startup, has secured funding of $53 million from Xora, a venture capital firm. This new investment comes after a wave led by Temasek, Aramco Ventures, Intel CEO Lip Bu Tan, Yahoo co-founder Jerry Yang and Micron CEO Sanjay Mehrotra. In total, Hang Ten has gotten $85 million so far with more to come.These investors are betting that this AI startup will create enterprise software that increases productivity by 55% and reduces the customization tax 2 - 5x.