The games industry (specifically since they were bought by Epic, Unreal engine) has stuff like RAD Oodle Texture with BC7Prep and Oodle Kraken:

https://cbloomrants.blogspot.com/2020/06/oodle-texture-bc7pr...

https://cbloomrants.blogspot.com/2020/09/how-oodle-kraken-an...

https://cbloomrants.blogspot.com/2021/02/rate-allocation-in-...