Booz Allen Hamilton is a global consulting firm to military, government and business. It employed about 29,500 people as of March 31.

Booz Allen Hamilton (NYSE: BAH) has launched a $100 million corporate venture capital arm dubbed Booz Allen Ventures to invest in its four core areas of demand: defense, artificial intelligence/machine learning, cybersecurity, and deep technology. (Booz Allen)

Additionally, the target investments will be primarily early stage startups developing strategic dual-use, commercial technologies that will provide Booz Allen’s federal clients with “disruptive technology for critical missions.”

Booz Allen Ventures

Recent examples of portfolio investments include:

• Latent AI, Inc., a rapidly growing company with an award-winning suite of software tools that enable adaptive artificial intelligence (AI) and machine learning (ML) at the edge.
• Synthetaic, an end-to-end artificial intelligence (AI) company.
• Reveal Technology, Inc., a visual analytics and edge artificial intelligence (AI) company.

The venture arm will supplement Booz Allen’s Tech Scouting program that identifies and recommends technology investments.

“Our Tech Scouting program gives us unique insight about where opportunities for hyper-growth exist. But anticipating opportunity isn’t sufficient – we need to deploy capital to move at digital speed,” said Brian MacCarthy, vice president of tech scouting and ventures at Booz Allen, in a statement. “Booz Allen Ventures allows us to actively bridge the gap between opportunity and capability and accelerate the services-to-solutions transformation.”

Susan Penfield, Booz Allen’s chief technology officer said: “Booz Allen Ventures taps into America’s collective ingenuity by investing in software, hardware, and deep-tech startups that offer differentiated applications for the federal sphere.”

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