HYPERGIANT INDUSTRIES PARTNERS WITH TRIVE CAPITAL
AUSTIN, Texas, Aug. 22, 2023 /PRNewswire/ -- Trive Capital, a Dallas-based private equity firm, announces the acquisition of AI defense platform and solutions company Hypergiant Industries, to complement its current portfolio company Forward Slope. The acquisition is a natural partnership for the two organizations who believe in the future of next-generation, AI-enabled technology solutions to secure both America's defenses across all military domains and critical infrastructure. Mike Betzer, CEO of Hypergiant, will continue leading the company into its next phase of accelerated growth.
- Hypergiant has also garnered strong market recognition for its futuristic inventions, including award-winning AI-enabled projects such as the Hypergiant Eos Bioreactor, Hypergiant Project Orion , then Hypergiant Disaster Mapping System , the Hypergiant Chameleon prototype constellation , Project Argus in partnership with Amazon among others.
- Hypergiant has over 195 employees and contractors and investors include lead investor Align Capital along with GPG, Perot Jain, Beringer Capital, and Capital Factory.
- Trive Capital is a Dallas, Texas based private equity firm with more than $4 billion of regulatory assets under management.
- Hypergiant Industries is an AI company focused on developing world-changing technologies to solve the world's biggest problems in the areas of space, defense, and critical infrastructure.