Hypergiant recently secured a $61 million contract from the U.S. Air Force for a real-time command and control interface. The company plans to collaborate with other companies in Trive’s portfolio, including Forward Slope, which has a large contract with the U.S. Navy. Hypergiant aims to grow its 200-person team, expand its customer base to include more branches of the military, and continue its work on critical infrastructure.
Key takeaways:
- Private equity firm Trive Capital has acquired AI company Hypergiant Industries, providing it with capital to accelerate its growth.
- Hypergiant's core product, CommandCenter, is a geospatial data visualization platform that uses AI to generate real-time threat analysis and make recommendations.
- Hypergiant was recently awarded a $61 million contract from the U.S. Air Force to deliver a real-time command and control interface for the Pentagon’s Cloud-Based Command and Control (CBC2) program.
- As part of the acquisition, Hypergiant will also work with other companies in Trive’s portfolio, including Forward Slope, which has a large contract with the U.S. Navy.