- Trive Capital, a Dallas-based private equity firm, has acquired AI defense platform company Hypergiant Industries.
- The acquisition aims to bolster next-generation AI-enabled technology solutions for America’s defense and critical infrastructure sectors.
Trive Capital Acquires Hypergiant Industries, Amplifying AI-Enabled Defense Capabilities
AUSTIN, Texas, Aug. 22, 2023, In a significant move for the aerospace sector, Trive Capital, a leading Dallas-based private equity firm, announced its acquisition of Hypergiant Industries. This strategic partnership is set to enhance the capabilities of AI-enabled defense solutions, particularly in the realms of space, defense, and critical infrastructure.
A Natural Synergy
The acquisition aligns seamlessly with Trive Capital’s current portfolio company, Forward Slope. Both organizations share a vision for the future, emphasizing the importance of next-generation AI technology solutions. Mike Betzer, the CEO of Hypergiant, remains at the helm, steering the company towards its next growth phase.
Hypergiant Industries has made significant strides over the past five years, establishing itself as a frontrunner in AI-enabled, cloud-based command and control technologies. Their flagship platform, Command Center, stands out for its geospatial data visualization capabilities. It not only processes vast amounts of data but also offers real-time threat analysis, AI-generated recommendations, and delivers actionable insights across various domains.
David Stinnett, Partner at Trive Capital, expressed his enthusiasm, stating, “Hypergiant’s unique geospatial data visualization capability have positioned the Company at the leading edge of C5ISR technologies that address mission-critical defense priorities.”
Innovations and Recognitions
Hypergiant’s portfolio boasts a range of award-winning AI-enabled projects, including the Hypergiant Eos Bioreactor and the Hypergiant Disaster Mapping System. Their clientele includes esteemed organizations such as the U.S. Air Force, NASA, Boeing, and Booz Allen Hamilton.
Mike Betzer, Hypergiant’s CEO, emphasized the company’s commitment to AI-enabled solutions, stating, “Our approach is to take government-funded projects, where we are building highly performant and secure, battle-ready solutions, and bring that technology to the private sector with mission-specific customization.”
Ben Lamm, Hypergiant’s founder and now CEO of Colossal Biosciences, expressed his confidence in the company’s future trajectory, particularly under the leadership of Mike Betzer and the strategic partnership with Trive Capital.
