Vian Systems, an Artificial Intelligence (AI) startup founded by Vishal Sikka, a former Executive Vice Chairman, CEO and MD of Infosys, has raised $50 million in funding from two unknown investors, reported Economic Times citing documents filed with the US Securities and Exchange Commission.
Founded by Sikka, Vian Systems is a Palo Alto, California technology company operating in stealth mode in San Francisco Bay Area.
According to the filing, Vian Systems offered $50 million in equity for sale and the sale has been completed. This “includes contribution of certain intellectual property assets,” the company said in a clarification to the equity offering quantum.
“Mr Sikka is receiving no compensation for his role in the offering beyond his usual and customary salary as an officer of the corporation,” said the filing.
The stealth-startup has a one-page website, which says it is “building a world full of intelligence and life” and has an email link for prospective employees.
Notably, Sikka himself is a Ph.D. in Artificial Intelligence from Stanford University and a honorary doctorate of Engineering from Queensland University.
According to the form filed with the SEC, Vian Systems Inc. has some revenues coming in.
Sikka, an Indian-American, had resigned from Infosys as MD and CEO in August 2017 and the reasons reported at that time was his attempt of moving Infosys into AI and Robotics ventures.
In an interview in that year, Sikka shared that a CEO’s effort towards reshaping a company is very difficult even if everybody in the company was supporting it, but if the founder goes up against that, then that tasks becomes impossible. The statement gives one a clear understanding of what exactly is Sikka hinting at.
Like this content? Sign up for our daily newsletter to get latest updates.
Comments are closed.
We Dont Spam !