Trive Capital Acquires Hypergiant Industries
Summary
Trive Capital, a Dallas, TX-based private equity firm, acquired AI defense platform and solutions company Hypergiant Industries, an Austin, TX provider of AI-enabled, cloud-based command and control technologies and deployed solutions. Mike Betzer, CEO of Hypergiant, will continue leading the company into its next phase of accelerated growth. Founded by Ben Lamm (now CEO of Colossal Biosciences) and led by CEO Mike Betzer, Hypergiant provides a core geospatial data visualization and actions platform, Command Center, which ingests large amounts of information and applies real-time threat analysis, makes AI-generated recommendations, and delivers intelligent insights and actions across all domains. These various innovations focused on expanding the company’s capabilities, adding to its common operating picture platform from autonomous vehicles, to mobile command centers, to various heads up display implementations. The acquisition follows a recently expanded $60M+ contract award from the USAF around its command and control platform offering.