To some extent, you could say it is. Each group is an organism to some extent, and the more it scales up, the more complex it gets, the more the organization resembles life.
Humans naturally group together, and when they do so, their goals become the groups goals and vice versa. Those who don't adapt to this are expelled from the group.
But it's all very loose, not tightly bound and controlled like our traditional view of the Hivemind.
So then, shall we theorize at a race that is as far from us as we are from true Hiveminds?
How would this happen? Would it even be viable? How the fuck would they think?
Perhaps our basis for comparison should be spiders, minus the mating element. Each year, a reproduction cycle begins, and the parent lays a couple hundred fertilized eggs somewhere, and then buggers off. The hatchlings ignore each other aside from as food or as a potential threat, and go to live their own lives.
Eventually a society would form, but it would be alien to us. No emotional attachments, no tribalism, everything is for the betterment of the individual. Thus all interactions are done at a distance, if at all, and no enterprise is undertaken that doesn't improve the individual's life.
As a result, the race would likely be few in numbers - perhaps a race of hermits, and as they die, their advances are left behind to be discovered by the next generation, who may or may nor even be able to comprehend what they've found.
A society that can only trust the dead. Eventually, each member of this race begins putting together it's death achievement, a tutorial for the next to inhabit it's domicial, and so the race slowly moves forwards...