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Booz Allen Creates Venture Arm With $100 Million Backing

Cal Biesecker By
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Booz Allen Creates Venture Arm With $100 Million Backing
Brian MacCarthy, vice president of tech scouting and ventures at Booz Allen Hamilton. Photo: Booz Allen

Booz Allen Hamilton [BAH] on Wednesday launched a $100 million venture capital fund that will invest in early-stage companies with strategic dual-use commercial technologies that can benefit the company’s customers in artificial intelligence and machine learning (AI/ML), cybersecurity, certain areas of defense, and deep technology such 5G. Booz Allen Ventures has already made three investments, all previously disclosed, to serve as pilots and to learn some early lessons to build into the capital arm going forward, Brian MacCarthy, vice president…

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