Booz Allen Launches $100M Venture Capital Fund - WashingtonExec

Booz Allen Hamilton has formed Booz Allen Ventures, LLC, a $100 million corporate venture capital arm that will invest in strategic dual-use commercial technologies for federal clients. Aligned with client demand and the firm's Velocity, Leadership, Technology growth strategy, Booz Allen Ventures will invest in early-stage companies and technologies within four core areas of demand: defense, artificial intelligence/machine learning, cybersecurity and deep technology. "We are proud and excited to continue our work with the best startups to support our U.S. government clients. The ability to navigate bigger, faster technology waves and identify the right emerging technologies for their mission needs, as well as our own, is vital to enabling growth and mission speed," said Susan Penfield, Booz Allen's chief technology officer. Booz Allen Ventures will enable Booz Allen to expand on its existing tech Scouting capability to source and recommend technology investments with a focus on mission-specific applications.