SIKKA LAUNCHES IT SERVICES STARTUP TO SHAKE UP INDUSTRY

INDUSTRY DESK■ 1 MIN READ

WED, JUN 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Vishal Sikka, former Infosys chief, has launched a new startup backed by Mayfield and Aramco Ventures. The venture assembles veterans from SAP, Infosys, and VianAI to challenge the traditional IT services model.

Sikka's new company brings together experienced talent from major tech firms, signaling an intent to disrupt the established IT services landscape. The startup has secured backing from two notable investors: Mayfield, a Silicon Valley venture capital firm, and Aramco Ventures, the investment arm of Saudi Aramco. The team composition reflects strategic hiring across enterprise software and IT services sectors. SAP veterans bring enterprise software expertise, Infosys alumni provide IT services knowledge, and VianAI contributors add artificial intelligence capabilities. Sikka previously led Infosys as chief executive before departing in 2017. His track record in scaling one of India's largest IT services firms positions the new venture as a credible challenger to incumbents. The startup's model remains under wraps, though the combination of investors and talent suggests a focus on technology-driven service delivery rather than traditional labor arbitrage.

■ SOURCES

► TechCrunch

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE STARTUPS DESK

P693HANG TEN SYSTEMS LAUNCHES WITH $32M TO CUT SOFTWARE COSTS

Vishal Sikka, former CEO of Infosys, has launched Hang Ten Systems with $32 million in seed funding led by Mayfield. The startup aims to help enterprises reduce software operational expenses through AI-driven solutions.

JUST NOW— AI Desk

P665ABU DHABI'S MGX RAISES $50B FOR AI FUND

Abu Dhabi-based MGX has closed a nearly $50 billion fundraising round from regional and global investors to build one of the largest artificial intelligence infrastructure funds. The capital will accelerate spending on AI technology and infrastructure development.

6H AGO— AI Desk

P653SELTZ RAISES $12.5M FOR AI-POWERED SEARCH ENGINE

Seltz, a startup building a web search engine designed for AI agents, secured $12.5 million in seed funding led by Speedinvest and B Capital. The funding reflects growing demand for search infrastructure tailored to artificial intelligence systems.

8H AGO— AI Desk

P655AGILITY ROBOTICS TARGETS $2.5B SPAC IPO

Agility Robotics, a humanoid robotics startup spun out of Oregon State University, plans to go public through a special purpose acquisition company (SPAC) merger valuing the company at $2.5 billion. The deal is expected to generate $620 million in proceeds.

8H AGO— Industry Desk

◄ BACK TO NEWS

SIKKA LAUNCHES IT SERVICES STARTUP TO SHAKE UP INDUSTRY

■ MORE FROM THE STARTUPS DESK

■ SUBSCRIBE TO THE DAILY BRIEF