Wise, a global fintech company, announced last week it is expanding its Austin operations and moving its office to The Domain Tower II.
Wise has announced plans to increase its Austin-based workforce by 50 percent in 2024.
“As our North American business continues to grow, having a full-stack operation based in Austin has allowed us to move swiftly to build an innovative and collaborative team dedicated to creating products and services to meet the needs of our customers,” Harsh Sinha, Chief Technology Officer, and interim CEO, said in a news release. “The move to the Domain Tower II will allow us to continue to meet that demand by giving us the space to grow our Austin-based headcount in 2024 and beyond.”
In January 2022, Wise moved to Austin and now has 180 employees in product management, software engineering, operations, sales, and customer support.
Wise will be the sole tenant on the 23rd floor of Domain Tower II and will occupy 29,000 square feet. It previously had offices at 14205 North Mopac.
Wise’s expansion is driven by the growth of its North American operations, with $221.5 million in fiscal 2023. The Austin operations comprise 21 percent of the company’s total revenue.
Wise is a global company with more than 5,000 employees representing 125 nationalities working across 17 offices around the world. In the US, Wise has more than 700 employees within office locations in Austin, Tampa, and New York City. It created online accounts that allow people and businesses to hold more than 40 currencies to move money between countries and spend money abroad. It has 7.2 million customers, including large companies and banks. It processes more than $10 billion in cross-border transactions every month.
Kristo Käärmann and Taavet Hinrikus founded Wise in 2011 under the name TransferWise. It is listed on the London Stock Exchange under the ticker WISE.
“As Wise, a global technology leader, expands its Austin footprint and plans to significantly expand its local workforce, we witness a remarkable testament to Austin’s thriving tech ecosystem,” said Roland Pena, senior vice president of global tech and innovation at Opportunity Austin, said in a news release. “This expansion exemplifies the unwavering confidence global companies have in our region as a hub for innovation and growth. Austin’s unique blend of talent, infrastructure, and entrepreneurial spirit continues to attract world-class organizations like Wise. It’s a testament to the fact that Austin is a top global destination for business and investment through the power of our vibrant community and ecosystem of innovation.”
Sana laid off 74 employees last Wednesday, about half of its staff, according to a post on its website.
“This is one of the hardest things we’ve ever had to do at Sana,” Will Young, co-founder and CEO of Sana, wrote in a blog post on the company’s website. “We have had to say a lot of goodbyes, and I mostly feel awful at this moment. The impacted employees are talented, mission-driven people, many of whom are not only colleagues but also friends.”
It’s the second round of layoffs for Sana this year. In February, the healthcare insurance startup laid off about 19 percent of its staff or 40 employees.
Sana, founded in 2017, provides healthcare options for small businesses. The company has raised $107 million since its inception, including a $60 million Series B funding in June 2022.
“Since Sana’s founding in 2017, we have been venture-funded,” Young wrote in the blog post. “That meant we spent a lot of money on growth and a lot of money on R&D. It was okay we weren’t profitable because we could keep raising venture dollars to fund the business. We prioritized investing in the future over profitability today. I’m grateful for that time, because it allowed us to build the special company and product we have today.”
But Young said “the world has changed.” And the climate for raising money is more difficult today, he said.
“Particularly for companies in the healthcare and insurance worlds (we check both boxes),” Young wrote. “The hard fact is this new environment rewards profitability today over future investments. We have to reposition ourselves accordingly.”
Young said the company is focused on profitability, and the latest layoffs will help it get there.
“We will continue to invest in growth and R&D, but only to the extent our profits support that investment,” according to Young.
A Cruise self-driving car was undergoing testing in the SoMa District of San Francisco.
Cruise, an autonomous vehicle company of which General Motors owns 80 percent, announced Thursday the shutdown of its Robotaxi operations in Austin.
“The most important thing for us right now is to take steps to rebuild public trust,” Cruise wrote in a post on Twitter. “Part of this involves taking a hard look inwards and at how we do work at Cruise, even if it means doing things that are uncomfortable or difficult.”
Cruise shut down its autonomous vehicle operations everywhere, including San Francisco and Phoenix.
“In that spirit, we have decided to proactively pause driverless operations across all of our fleets while we examine our processes, systems, and tools and reflect on how we can better operate in a way that will earn public trust,” Cruise posted.
The move comes after the California Department of Motor Vehicles ordered Cruise to halt its operations in the state after an accident with a pedestrian and another vehicle involved a Cruise Robotaxi which dragged the pedestrian forward, according to a story in Reuters.
Axios Austin reported earlier this year that 19 complaints were filed with city officials about Cruise’s Robotaxis. No deaths or injuries were associated with those complaints, which included Cruise cars stopped on the road and Cruise cars being unable to recognize a traffic officer’s hand signals.
At SXSW in March of this year, Mary Barra, GM’s Chair and CEO, spoke in a session on “Self-Driving Cars: From Science Fiction to Scale.” At that time, she said she believed AVs are the future of transportation and an essential part of General Motors’ business.
Shortly after that, Cruise’s robotaxis service started to scale up in the Austin market, which was already testing the vehicles.
Cruise contends that AVs provide increased safety and mobility for those who cannot drive.
At SXSW, Kyle Vogt, Cruise CEO, said that Cruise had built its cars for dense urban areas, forcing them to solve problems such as construction zones, traffic light outages, and road blockages. He said the company had solved most of the technical and scientific risks.
The number one PC maker, Lenovo, came to Austin this week for its annual Tech World event to promote artificial intelligence PCs.
At the Tech World event, Lenovo Chairman and CEO Yuanqing Yang announced a $1 billion investment in AI research and development efforts.
As part of the event, Advanced Micro Devices, known as AMD, also welcomed media to its Austin campus at 7171 Southwest Parkway for a roundtable discussion on how AI embedded in data centers, workstations, and laptops is changing the way people work and Lenovo’s vision of “AI for All.”
“AI is augmented intelligence,” said Scott Tease, vice president and general manager of artificial intelligence and high-performance computing worldwide at Lenovo. “It’s not replacing people. It’s making them better.”
AMD is a strategic partner with Lenovo. Lisa Su, AMD Chair and CEO, joined Yang on stage at Tech World to discuss the partnership between Lenovo and AMD.
“We have a long history of co-innovating with Lenovo, from ThinkSystem in the data center to ThinkStation workstations and ThinkPad laptops,” Su said in a statement. “Moving forward, we are excited to extend our collaboration to power AI-optimized solutions across Lenovo’s PC and data center portfolio powered by AMD Ryzen, EPYC and Instinct processors.”
AMD, which is headquartered in Santa Clara, Calif., is a semiconductor manufacturer which has two offices in Austin with about 2,000 employees.
Lenovo is focused on “unleashing the power of AI to drive intelligent transformation in every aspect of our lives and every industry – from pocket to cloud with purpose-built AI-ready devices, infrastructure, solutions, and services that empower industries, enterprises, and individuals around the world,” according to a news release.
Lenovo demonstrated AI-ready devices with built-in AI assistants on its PCs. Along with Motorola, Lenovo unveiled a smartphone adaptative display concept that can be rolled and bent to accommodate a user’s needs.
“I truly believe the AI/PC will be the most revolutionary thing to happen to the PC since the graphical user interface,” said Jason Banta, corporate vice president and general manager client OEM at AMD. “The AI/PC will be that powerful, if not more powerful.”
“Four of the five of us came from Decent,” said Marshall Darr, CEO and co-founder of StretchDollar. He previously worked at Decent with StretchDollar Co-founder and Chief Operating Officer Kaiza Molina.
Darr said that StretchDollar is a remote-first company with employees in Philadelphia, New York, Wisconsin, and Austin, Texas.
Group health insurance premiums for small businesses have skyrocketed since 1999. Still, according to Darr, StrechDollar has a solution using a new form of Health Reimbursement Arrangement called an ICHRA or Individual Coverage Health Reimbursement Arrangement.
Stretch Dollar, which is launching this month, “is something I’ve been tinkering on the last couple of years,” Darr said. He said the startup helps small businesses and employees save on health insurance plans. The Stretch Dollar platform lets small businesses give employees tax-free dollars for their health insurance premiums, and then the employees get to choose a health plan on StretchDollar’s platform.
“I’ve spent the last ten years trying to figure out how to fix health benefits for really small businesses,” Darr said.
“Small businesses have really bad options when it comes to health insurance, and typically they’re too small to really qualify for some of the nifty stuff that larger companies are doing,” Darr said.
That means small businesses often have to choose the most expensive type of coverage with the lowest benefits called fully insured group plans that might run them $1,000 per employee per month, Darr said. As a result, many small businesses do nothing because it’s too expensive, Darr said.
“We’re flipping the process on its head a little bit with StretchDollar where instead of a traditional group health insurance plan, we’ve created a funding vehicle for these small employers,” Darr said.
It takes about 10 minutes to get set up on the StretchDollar platform, whereas these traditional health plans take 2 to 8 weeks and around 60 hours from a small business owner, Darr said.
StretchDollar has raised $1.6 million in pre-seed stage funding. Investors include Precursor Ventures, Elefund, v1vc, Kindergarten Ventures, and Westerly Ventures.
StretchDollar is currently set up to serve clients in Texas, Illinois, Pennsylvania, Colorado, and Delaware. Darr said it plans to expand to North Carolina, Florida, and a handful of other states by the end of the year.
“Our end goal is to be able to serve people in all 50 states by mid-2024,” he said.
As an investment partner, Claire England will lead a new office in Austin for Dallas-based GPG Ventures, a venture capital firm.
GPG has invested in more than 100 startups nationwide. Its investments range from the seed stage to Series B. Most of its investments are in healthcare, including medical devices, therapeutics, digital health, healthcare diagnostics, consumer health, and other technologies, such as artificial intelligence and machine learning.
CPG Ventures is also known as Green Park & Golf Ventures. Carl Soderstrom and Clay Heighten, M.D. founded the firm after selling two healthcare companies to Texas Health Resources.
“We’re thrilled for Claire to open our Austin office and add her executive leadership and investing talent to the GPG Ventures team. Not only has she been an integral part of Austin’s startup ecosystem, but she is also a seasoned investor who brings unique expertise and a broad network to our deeply experienced team,” Soderstrom, founding partner, said in a news release.
“With its relatively new medical school and dynamic startup community, we believe that Austin is a natural evolution for GPG, and we’re excited about the opportunity to build a deeper relationship with the business community there through Claire,” Soderstrom said.
GPG Ventures also has an office in Houston.
Its investments include Supergoop!, LTK, MicroTransponder, Radformation, Brainspace, Hypergiant, Alto, Gregor Diagnostics, Take Command Health, Genomenon, and Carpe. Other significant investments and partnerships include Health Wildcatters, TheraNova, and 29 Acres.
“Texas is one of the best places in the world to build and invest in startups, and GPG Ventures is an integral part of that ecosystem. Supporting innovation that improves our lives and planet matters deeply to me, so joining GPG Ventures, focusing largely on healthcare, is an opportunity to expand that impact in Austin. I couldn’t be more excited and honored to be a part of this exceptional team,” England said in a news release.
Most recently, England served as a partner in Portfolia’s FemTech Fund I. Before that, England led the Austin-based Central Texas Angel Network from 2014 to 2019.
A new investment group, DealFlowNow, has launched in Austin to invest $60 million into early-stage companies.
Kelsey August, a super angel investor and entrepreneur, is the founding managing director of DealFlowNow. She sat down with Silicon Hills News last Friday to talk about the focus of DealFlowNow.
“I’ve been doing angel investing for a decade full-time, and it was really hard to find the right thesis for me locally on deal flow,” August said. “So, I thought I’d create a platform where it’d be really easy for entrepreneurs for free to put their profile up. So instead of me hunting and pecking, we could drive traffic, and we do it inbound instead of me going in my car to all the meetings across town.”
August currently has forty active portfolio companies. She is also an entrepreneur who founded Lone Star Direct, a marketing firm, when she was 24.
DealFlowNow is a collection of super angels and family offices seeking to invest funding in innovative, disruptive startups. It is sector-agnostic but is particularly interested in evaluating companies that qualify for the Qualified Small Business Stock exemption.
As a women-led organization, DealFlowNow aims to level the playing field in fundraising by using some of its funds to invest in underrepresented founders. In 2022, U.S. startups with all women-founded teams received just 1.9 percent of all VC funds. The situation is even worse for female entrepreneurs of color. Black and Latina women founders received merely .1 percent.
August said some of her best investments have come from underrepresented founders.
“I made all my money from investing and on underrepresented folks,” August said. So I want to give back and reinvest and you know, double down and triple down.”
Crowdfunding is also giving a significant boost to underrepresented founders, August said. Because the Securities and Exchange Commission has changed the definition of an accredited investor. The SEC made the changes in August of 2020. The new definition “allows investors to qualify as accredited based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income and net worth.”
“You just need to be an expert in that field,” August said. “You don’t need to be a millionaire or make $200,000 a year. So, I think that it’s widening, and opportunities are getting better for everyone.”
August said Austin is an attractive hub for technology, innovation, and startups because of the “weird” vibe.
“Of course, we have strong universities here, strong government, but I really believe our mantra, Keep Austin Weird, is the third leg,” August said.
August said Austin is an encouraging and optimistic city with excellent entrepreneurial resources.
For more, listen to the podcast posted below or on any podcast platform.
In 2011, Petr Marek co-founded Invoice Home, formerly known as Wikilane, with Jiri Hradil.
Invoice Home provides invoice-generating software for small businesses, freelancers, and entrepreneurs worldwide.
They’ve grown the company to more than 8 million accounts worldwide, and last January, Invoice Home relocated its headquarters to WeWork on Congress in Austin.
The company was attracted by Austin’s tech scene, quality of life, music scene, and access to talent, Marek said.
The company is bootstrapped and caters to small businesses, with most of its customers outside the U.S. Marek sold a Fintech company, which he created in 1992 in the Czech Republic, focusing on mortgage brokers and insurance.
In this episode of Ideas to Invoices, Marek discusses his entrepreneurial journey, hurdles the company has overcome, opportunities, management style, and more that have contributed to the company’s success.
Invoice Home has become a prominent player in the invoicing software market. Small businesses help stabilize a company’s economy and politics, Marek said.
“I believe it’s healthy to support small businesses because it makes a healthier society,” Marek said.
Invoice Home can handle different payment formats and helps small businesses operate internationally easily, Marek said.
“We pay invoices through wires in Europe, here checks, credit cards or something like that, so it’s quite a different environment from country to country that is relatively complicated,” Marek said.
In the competitive landscape, Invoice Home is in, the key to its success is simplicity, Marek said. Invoice Home’s strategy has fewer features because the company believes primarily the focus is on issuing an invoice and getting paid, Marek said. Invoice Home focuses on creating a system that is safe, fast, and super easy to use, he said.
Invoice Home has many small business success stories, including a guy in Kenya sending invoices for cows and a scuba diving instructor sending invoices for lessons, house contracts invoices for roof replacements, plumbing, electrical work, and more. Invoice Home’s U.S. market is $1.5 million and $6.5 million internationally annually. It has customers in more than 190 countries.
It has seen an increase in business in Trinidad and Tobago driven by the Nomad economy in which people can work from anywhere.
Marek said that Invoice Home also evaluates technologies such as AI, Blockchain, and more, but it takes a wait-and-see attitude before implementing new technology. It’s also focused on data security and privacy of its customers, he said.
Listen to the entire podcast below or wherever you get your podcasts.
In 2011, Petr Marek co-founded Invoice Home, formerly known as Wikilane, with Jiri Hradil. Invoice Home provides invoice generating software designed for the invoicing needs of small businesses, freelancers, and entrepreneurs worldwide. They’ve grown the company to more than 8 million accounts worldwide and last January, Invoice Home relocated its headquarters to WeWork on Congress in Austin.
“The most important new fact about the human condition is that we are now suddenly connected. And it’s only going to get worse. Connectivity is a thing, is THE thing,” Dr. Bob Metcalfe.
Serial Austin Entrepreneur Chris Taylor and Ethernet Inventor Dr. Bob Metcalfe discussed connectivity and more Tuesday evening at the Red Fridge Society, a cozy craftsman cottage that once served as Squareroot’s headquarters.
The talk was part of Silicon Hills News’ BigIdeasATX event series sponsored by Unnanu and Swyft and hosted by the Red Fridge Society,
Recently, Metcalfe received the 2022 ACM A.M. Turing Award, recognizing his contributions to Ethernet’s invention, standardization, and commercialization. The award is often called the “Nobel Prize of Computing.”
Metcalfe, an Emeritus Professor of Electrical and Computer Engineering at the University of Texas at Austin and a research affiliate in computational engineering at the Massachusetts Institute of Technology Computer Science & Artificial Intelligence Laboratory, invented Ethernet in 1973 while working as a computer scientist at the Palo Alto Research Center. He drew on ideas from ARPAnet, notably packet switching, and an idea from the University of Hawaii: Aloha Network, a method for sharing a communication channel.
Today, Ethernet is the main conduit of wired network communications worldwide, with data rates ranging from 10 Mbps to 400 Gbps, and emerging technologies with 800 Gbps and 1.6 Tbps.
Here are a few takeaways from the talk. The entire discussion is posted in the video below.
1. Gather a bunch of intelligent people in one place and give them autonomy and brilliant things happen. That’s the history of Xerox’s PARC campus and the beginning of Ethernet. “The spiritual leader of Xerox park was a guy named Bob Taylor who coincidentally is an alumnus of the University of Texas in Austin, and he had run computer science research at ARPA, the Advanced Research Projects Agency of the Department of Defense for some years and then he went to Xerox,” Metcalfe said. Taylor recruited an exceptionally gifted group of engineers. Metcalfe said they had a rivalry with Bell Labs, which had about 2,500 people compared to Xerox PARC’s 25.
2. Have a problem worth solving. Xerox PARC envisioned a PC on every desk; all PCs needed to be connected to the laser printer. Metcalfe, the networking guy, got the job along with Dave Boggs. “He and I became the Boggsy twins, and we built the first Ethernet to connect these PCs.”
3. “Never Slam a Door Behind You.” In 1979, Metcalfe left Xerox to found 3Com in Silicon Valley. He gave seven month’s resignation notice. “Xerox became my customer, and if I had slammed the door and ****** all over them, they wouldn’t have been my customer.”
4. 3Com was bootstrapped and later got VC funding. “For the first year and a half or two, I was a CEO, and we were funded from consulting revenue; we got a $750,000 order from Exxon Corporation to build an Ethernet interface. Then 3Com raised $1.1 million for a third of the company in 1980, and the company for “11 nanoseconds became worth $55 billion in 1999.”
5. Invent a law to sell more products. Metcalfe’s Law stemmed from a carousel slide Metcalfe created to sell more 3Com products. The law helped to explain to 3Com’s customers that “the reason that their networks were not useful is that they were not big enough, and the remedy to that problem was to buy more of our products, which they did, and we went public shortly thereafter in March of 1984.” George Gilder named it Metcalfe’s Law.
6. Find a Time Machine. Metcalfe spent eight years at Xerox Palo Alto Research Center, which allowed its researchers to go a decade into the future. “I went into the future, and it was good, and then we came back into the present and started recreating the Internet we had built inside Xerox.” Today, laboratories at universities are the prime candidates for time machines, Metcalfe said.
7. Connectivity can create problems. According to Metcalfe, an onslaught of connectivity creates pathologies, and it’s not over yet. “We have so much connectivity so quickly we don’t know what to do with it.” The Megabit Internet is now out there, but now we’re moving to the Gigabit Internet, so even though we were overwhelmed with the connectivity provided by the Megabit Internet, we are now going to be even worse overcome by the abundance of bandwidth from the Gigabit. The preponderance of bandwidth creates pathologies.”
To end on a positive note, Metcalfe advised all entrepreneurs to exercise, get plenty of sleep, and take care of themselves. In college, Metcalfe was captain of his tennis team and played tennis three hours a day. More recently, Metcalfe completed the Boston Marathon with all his family members. Metcalfe said that exercise is one of the most important things a person can do for their mental and physical faculties.
“The most important new fact about the human condition is that we are now suddenly connected. And it’s only going to get worse. Connectivity is a thing, is THE thing,” Dr. Bob Metcalfe. A fireside chat with Serial Entrepreneur Chris Taylor and Ethernet Inventor Dr. Bob Metcalfe at the Red Fridge Society, a cozy craftsman cottage that once served as Square Root’s headquarters.
When Hypergiant Industries launched in 2018, within two weeks, the company had an acquisition offer, said Ben Lamm, founder.
But Hypergiant turned it down and turned down several other suitors in the last five years, he said.
But this year, Hypergiant got an acquisition offer, which it couldn’t refuse because the partnership has so much synergy, Lamm said.
On Tuesday, Hypergiant announced its acquisition by Trive Capital, a Dallas-based private equity firm. Trive Capital has another portfolio company Forward Slope, which perfectly fits with Hypergiant Industries, Lamm said. The acquisition made a lot of sense, he said. Both companies are focused on creating AI-enabled technology solutions for the defense industry.
“It’s crazy exciting,” Lamm said.
The acquisition comes on the heels of Hypergiant landing a $62 million contract with the Department of Defense around Hypergiant’s command center and its software platform that builds actionable AI-driven insights and user interfaces for warfighters.
In May of 2021, Lamm hired Mike Betzer, a serial enterprise software entrepreneur in Austin, to become the Chief Executive Officer of Hypergiant. Lamm left the venture to found Colossal, bringing the Woolly mammoth, thylacine, and dodo back from extinction through genetic engineering.
After Betzer’s second meeting with Trive Capital, Betzer called Lamm and said, “These guys get it. They are massively focused on supporting America, protecting critical infrastructure, space, and defense, and they own a couple of companies already in critical infrastructure and defense,” Lamm said.
Trive was so passionate about the mission of Hypergiant, its team, and the technology, Lamm said.
The terms of the deal were not disclosed. Hypergiant has not disclosed how much capital it has raised. Its investors include Align Capital, GPG, Perot Jain, Beringer Capital, and Capital Factory.
Lamm is a serial entrepreneur who has founded several successful tech companies. He currently serves as CEO of Colossal. Previously, he was the founder and CEO of Conversable, acquired by LivePerson, and the co-founder and CEO of Chaotic Moon Studies, acquired by Accenture, and Team Chaos, acquired by Zynga.
“I think of myself as an entrepreneur first and a CEO second,” Lamm said. “I love being in the seat and running the company like I’m doing right now for Colossal, but fundamentally, whether it was Chaotic Moon back in the day or Chaos or Conversable or Hypergiant or Worlds with Dave Copps, I love co-founding and founding businesses. But an entrepreneur’s job is to build the right team and design the right product or solutions that serve a bigger goal and mission.”
“We did that with Hypergiant, and so when I decided I wanted to go work on extinct species and get into genetic engineering, I needed to find the right person to lead, Mike,” Lamm said.
As part of the acquisition by Trive, Betzer will continue to run Hypergiant, which has close to 200 employees. Most of Hypergiant’s employees are in Texas, primarily in Austin and Dallas, but it’s also got employees in Colorado and California.
“And we’re hiring at seven people a week, and we have 60 open positions right now,” Lamm said. “So, Hypergiant is just being fueled by growth, and having a major multi-billion-dollar private equity firm behind the company will allow it to deliver on its long-term vision.”
Hypergiant has created AI-enabled, cloud-based command and control technologies and deployed solutions for the past five years. Chief among its accomplishments is its geospatial data visualization and actions platform, Command Center.
“Hypergiant’s unique geospatial data visualization capability has positioned the company at the leading edge of C5ISR technologies that address mission-critical defense priorities. In an increasingly complex battlespace, Hypergiant is capable of rapidly delivering actionable insights to the warfighter,” David Stinnett, partner at Trive Capital, said in a news release.
Hypergiant is building the Common Battle Management Interface for Cloud-Based Command and Control (CBC2), one of the largest AWS customers for the Department of Defense.
“Hypergiant is building new AI-powered solutions to solve some very complex industry challenges, Clint Crosier, director of Aerospace and Satellite Solutions at Amazon Web Services (AWS), said in a news release. “Flexible, scalable, and secure cloud-based tools are a must for satisfying government customer requirements well into the future, and we are committed to supporting Hypergiant’s efforts.”
Hypergiant’s customers include the United States Air Force, US Space Force, Boeing, Homeland Security, Booz Allen Hamilton, NASA, the United States Army, and the National Reconnaissance Office.
“Space, defense, and American critical infrastructure face similar challenges and need AI-enabled common operating pictures for quick and informed decision-making. Our approach is to take government-funded projects, where we are building highly performant and secure, battle-ready solutions, and bring that technology to the private sector with mission-specific customization,” Hypergiant CEO Betzer said in a news release.
“I’m excited about this next chapter for Hypergiant and the team and the technology, and it’s great to have such an incredible leader in Mike and then an incredible financing partner in Trive that makes me excited to see where they take this,” Lamm said. “I hope they empower Hypergiant technology to help protect more Americans through critical infrastructure space and defense.”
