Infosys and ex-CEO Sikka drive AI services surge in India

Former Infosys chief executive Vishal Sikka has founded Hang Ten Systems, an AI‑native startup that aims to redesign how enterprise software is built, modified and managed. The company announced a $32 million seed round led by Mayfield, with a strategic investment from Aramco Ventures and participation from several business angels, including Yahoo co‑founder Jerry Yang. Hang Ten offers AI‑generated code, reusable AI skills and domain expertise, and is hiring globally to expand its delivery, engineering, sales and leadership teams.

Infosys chairman Nandan Nilekani told shareholders at the company’s 45th annual general meeting that artificial intelligence will not replace IT services firms. He noted that Infosys is already working with 90 % of its top 200 clients on AI initiatives and is targeting a $400 billion AI services market by 2030. Nilekani highlighted Infosys’s AI‑First Value framework, the deployment of more than 500 AI agents, and the firm’s role in bridging the AI adoption gap for large enterprises.