Hypergiant Industries, a software company building an AI-powered decision-making product, announced this morning that it has been acquired by PE firm Trive Capital.
Hypergiant 101: The Austin, TX-based company is built around using AI to solve data accessibility and usability issues for defense, space, and critical infrastructure. Its main offering is an AI-powered geospatial data viz product called CommandCenter that generates information about potential decisions based on data from multiple sources, including satellite data.
Hypergiant has contracts secured with a wide swath of civil and defense customers including USAF, USSF, and NASA.
The acquisition: Trive Capital, a Dallas-based PE firm with more than $4B in regulatory assets under management, acquired Hypergiant to build its partnerships with the other companies in its portfolio. The terms of the deal were not disclosed.
“We are now uniquely positioned to accelerate our product development and scaling efforts within the Department of Defense; those efforts may include integrating with more Space-based data sources and incorporating Space-based asset tasking in our recommended course-of-action workflows,” a company spokesperson told Payload.
Looking ahead: Now that it’s secured a buyer, Hypergiant has its sights set on growth. It’s planning to grow its workforce, currently 150+ strong, and expand its customer relationships into other parts of the Pentagon.