Dallas-based private equity firm Trive Capital just scooped up Hypergiant Industries, a Texas-based AI defense platform and solutions company. This move is in line with Trive’s current holdings, including San Diego-based Forward Slope. Both companies are bullish on AI-enabled technologies for national security. Hypergiant CEO Mike Betzer will continue to lead the company as it enters a new growth phase under Trive’s ownership. Hypergiant, founded in 2018, specializes in developing AI systems for various domains, such as space, aviation, marine, land, climate, and cybersecurity. This acquisition represents a strategic partnership between two companies that share a vision of utilizing next-gen technology to enhance national defense and critical infrastructure. While the terms of the deal were not disclosed, Hypergiant has been on a hiring spree, adding seven employees each week and recently securing a $62 million contract from the Department of Defense. With a focus on AI-powered cloud command and control tech, Hypergiant has established itself as a leader in the field, winning numerous awards for its defense solutions. The company is now looking to expand its capabilities and scale its spatial intelligence and command software. Trive Partner David Stinnett emphasized that the acquisition formalizes an existing partnership between Hypergiant and Forward Slope, and Trive is eager to support Hypergiant’s growth in the next chapter of its journey. Both Betzer and Hypergiant founder Ben Lamm believe that AI technology is crucial for national security, and they are excited to bring their solutions to a broader set of private and public sector clients. Betzer explained that their approach involves leveraging government-funded projects to build highly performant and secure solutions, which can be customized for various missions in the private sector. With a strong presence in the defense sector, Hypergiant has partnered with various entities, including the Army, Space Force, Air Force, Navy, Boeing, NASA, Homeland Security, and more. The company has gained recognition for its innovative products like the AI-enabled Eos Bioreactor, Project Orion, Disaster Mapping System, Chameleon satellite prototypes, and Project Argus. By providing cutting-edge technology solutions, Hypergiant is helping to transform warfighting capabilities and ensure that the United States remains at the forefront of digital innovation. In addition to this acquisition, Trive Capital manages over $4 billion in assets and focuses on investing in middle-market companies with significant growth potential. With this move, both Trive and Hypergiant are poised for further success in the AI defense space. Overall, this acquisition demonstrates the importance of AI technology in enhancing national security and protecting critical infrastructure. With Trive’s support, Hypergiant can continue to innovate and deliver game-changing solutions in the defense sector.