The former CEO of Infosys just raised $32M to build the company that replaces Infosys

Vishal Sikka ran Infosys for three years. Now he's building the AI-native firm that makes companies like Infosys obsolete.

Hang Ten Systems raised a $32M seed round led by Mayfield, with Aramco Ventures and Yahoo co-founder Jerry Yang backing it.

The premise is simple: AI can now do the software customization, integration, and maintenance work that IT services firms have charged enterprises billions for.

Agentic code generation. Reusable AI skills libraries. Zero headcount scaling.

The model scales through accumulated project leverage — not bodies on seats. The opposite of how Infosys, TCS, and Wipro have operated for decades.

Early customers include Siemens Gamesa Renewable Energy and Fresenius. They're already paying.

Here's the structural reality: Infosys shares are down 35% this year. The Nifty IT index is down 29%. The entire Indian IT services sector is a $220B industry built on human labor hours that AI is compressing.

And now the man who once led one of those companies is explicitly building the replacement.

Audit your IT services contracts today. If your vendor's model is still billing you for headcount — not outcomes — you're paying for a dying architecture. The gap between enterprises using AI-native delivery and those still buying traditional services will define competitive advantage within 18 months.

SOURCE: https://techcrunch.com/2026/06/24/former-infosys-chief-has-a-new-startup-that-wants-to-challenge-the-it-services-world/
VERIFIED: TechCrunch, BusinessWire, Economic Times, CNBCTV18
SIGNAL: The former CEO of a $80B IT services giant is explicitly building the AI-native model to replace the business he once ran. This is the most credible signal yet that traditional IT services is a sunset industry.