Lamm started Hypergiant Industries five years ago, after selling his previous companies in mobile software development and immersive gaming for undisclosed, but surely handsome, amounts.But it’s the natural evolution. As an entrepreneur, he said his role is to build out the right team and product for the mission. That is something he was able to accomplish by bringing on Mike Beltzer in 2021 as the company’s CEO.
Its unique capabilities put Hypergiant at the leading edge of information technologies for mission-critical defense priorities, said David Stinnett, a partner at Trive.“In an increasingly complex battlespace, Hypergiant is capable of rapidly delivering actionable insights to the warfighter,” Stinnett said.The Dallas private equity firm plans to support Betzer and the company in its next chapter of growth.
Prospective partners have been knocking at Hypergiant’s door starting as early as two weeks after the startup launched, Lamm said. But they were waiting for the right fit. Betzer said he’s excited about a partnership with Trive as the firm clearly understands the defense sector. “I think we have the model that is going to protect the future of America and America’s allies,” Betzer said. “That’s all we care about.”Space, defense and American critical infrastructure all face similar challenges, Betzer saidHypergiant’s approach is to take government-funded projects, where they’re building secure, battle-ready solutions and bring that technology to the private sector to create mission-specific customizations.
While the primary thrust of the company’s projects is around defense and critical infrastructure, they’ve also used algae to reduce carbon emissions from office buildings and created an augmented reality helmet.