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.
