More details about new Booz Allen Ventures revealed in interview with fund’s top executive
Noting that most venture funds are “really hyper-focused on getting the best technologies out there into the hands of consumers and other bases,” Booz Allen Hamilton’s Vice President for Tech Scouting and Ventures told Federal News Network’s Tom Temin that the company’s new $100 million fund “is going to be hyper-focused on (the) public sector.”
Brian MacCarthy adds that “it will be a strategic fund versus only financial. And by that, I mean, we are hoping to pull some strategic value out of the companies that we find and ultimately invest in.” Booz Allen Ventures LLC was announced about a month ago to further 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.
The Federal News Network article can be found here. More information about Booz Allen Ventures can be found here.
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