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Booz Allen Triples Venture Funding Commitment To $300 Million

Cal Biesecker By
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Booz Allen Triples Venture Funding Commitment To $300 Million
Booz Allen Ventures' portfolio includes Scout AI, which developed Fury — a first-of-its-kind foundation model for multi-domain defense. Photo: Scout AI

Having expended most of the $100 million it set aside three years ago in venture capital funding, Booz Allen Hamilton [BAH] has tripled its venture commitment to $300 million for investments in startups developing potential breakthrough technologies for national security customers. The expanded venture capital commitment is set to cover investments in about 20 to 25 companies over the next five years, Booz Allen said on Monday. To date, Booz Allen Ventures, the name given to the company’s innovation investment…

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