Riyadh - Sharikat Mubasher: Aramco Ventures, the corporate venturing arm of Aramco, participated in an additional $53 million seed funding round for the enterprise AI services company Hang Ten Systems, along with Mayfield.
The seed round, which brings the company’s total funding to $85 million, was led by Xora and saw participation from other investors, including Lip-Bu Tan, CEO of Intel, Sanjay Mehrotra, chairman and CEO of Micron Technology, and Jerry Yang, co-founder of Yahoo!, according to the official statement released yesterday.
This additional funding will support Hang Ten Systems’ delivery capacity for engagements now underway, fuel the expansion of the company’s engineering and consulting organization, and support it to continue the development of its platform, infrastructure, and agentic skills library.
Mahdi Aladel, CEO of Aramco Ventures, said: “We spend a great deal of time assessing where AI can realistically be applied in a business of our scale. What makes Hang Ten compelling is the breadth. The more closely we look at their approach, the more functions and use cases we find across our own operations where it would fit. Teams across our business are keen to work with them, and projects are already being scoped. That is the basis of our enthusiasm for the company and for the opportunity ahead of it.”
Hang Ten is working with Aramco on applications supporting its operations across several functions.
