Hypergiant Industries Acquired by Trive Capital
Hypergiant, an Austin-based company operating in the defense technology sector, will be acquired by Trive Capital, a Dallas-based private equity firm. The move will bring Hypergiant’s data visualization and actions platform on board to complement the tech of Forward Slope, a Trive portfilio company specializing in surveillance solutions.
Upon its founding in 2018, Hypergiant set out to bring an AI-enabled approach to advanced visual multimodal solutions. Today, the 195-person company serves space, defense and critical infrastructure customers including the U.S. Air Force, U.S. Space Force, Boeing and the U.S. Department of Homeland Security.
Through the acquisition, the two entities aim to develop next-generation, AI-enabled tech solutions to secure the United States’ defenses systems across all military domains and critical infrastructure, according to a company release. The transaction will help fuel Hypergiant’s next stage of growth. Terms of the deal were not disclosed.