Add Booz Allen Hamilton to the global corporations that are entering the venture capital world.
The McLean, VA-based consulting firm has announced the formation of Booz Allen Ventures LLC, a $100 million corporate venture capital arm that furthers the firm’s commitment to invest in strategic dual-use, commercial technologies that will provide federal clients disruptive technology for critical missions. Aligned with client demand and the firm’s VoLT (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.
Booz Allen Ventures will enable the parent corporation to further expand its existing tech scouting capability to source and recommend technology investments with a focus on differentiated and mission-specific applications that demonstrate clear potential to outperform the industry average.
Click here to read the recent news release.