Booz Allen Hamilton, a public sector-focused technology consultancy, has launched Booz Allen Ventures, a $100-million venture capital arm that will invest in commercial technologies for federal clients.
The venture fund will target investments at early-stage companies (seed, Series A, Series B) in the four core areas of defense, AI and machine learning, cybersecurity, and deep technology.
Booz Allen Ventures will build on the consultancy's tech scouting practice – which specializes in "analyzing industry trends, forecasting what's next, and mapping the innovation ecosystem for our clients to put solutions into practice," according to the firm's website. The tech scouting practice's research has led to investments in several firms, including Latent AI, Synthetaic, and Reveal Technology.
To continue reading, become an ALM digital reader
Benefits include:
Complimentary access to Consulting Magazine Online and digital edition
Bi-monthly digital newsletter delivered to your inbox
1 free article* every 30 days to Consulting Magazine's sister publications
Exclusive discounts on events and publications produced by ALM
Already have an account? Sign In
