Hang Ten Systems raises an additional $53 million seed round
The new capital brings the company’s reported total funding to $85 million and expands capacity for enterprise projects.
How the product works
Hang Ten combines AI agents with domain expertise to carry out technology-intensive enterprise work. Its agents can automate parts of software development, migration, finance and analytics projects, while the company supplies engineering and consulting support for large customers.
What the funding enables
The additional seed financing follows a $32 million seed round about five weeks earlier. Hang Ten says it has signed multi-million-dollar enterprise contracts; expanding its teams and project capacity gives it room to deliver that work while continuing to build the platform.
Use of funds
Expand engineering and consulting teams
Increase capacity for customer projects
Develop the AI platform