Venture Capital Investment in Quindar Enables
Decision Advantage in Space
Booz Allen Hamilton (NYSE: BAH) today announced that its
corporate venture capital arm, Booz Allen Ventures, LLC, has made a
strategic investment in Quindar, an early-stage commercial space
technology company focused on automating and democratizing
satellite operations. This investment is aligned with the firm’s
VoLT business strategy—centered on velocity, leadership, and
technology—and highlights the urgency of integrating
mission-critical technologies across the space domain to increase
awareness, security, automation, and data collection for decision
advantage on a global scale.
“By continuing to invest in companies who are delivering
innovative solutions and emerging tech to the space domain, we are
demonstrating our commitment to safeguarding the nation’s interest
and ensuring resiliency in an increasingly contested and
competitive environment,” said Chris Bogdan, executive vice
president at Booz Allen and leader of the firm’s space business.
“This investment demonstrates Booz Allen’s commitment to shaping
tomorrow’s capabilities and advancing our clients' missions as a
critical integrator and data solutions provider for the space
domain.”
As commercial efforts continue to rapidly transform the space
domain, federal clients are increasingly asking industry to help
accelerate innovation and integrate technology to modernize legacy,
monolithic satellite and ground systems that are aging
out—replacing them with new, proliferated, commercially developed
technologies that are AI-enabled.
To help integrate and automate these growing missions and
processes, Booz Allen Ventures—which identifies and invests in
early-stage technology believed to be transformative to mission
outcomes for the public sector—scouted and made a strategic
investment in Quindar whose virtualized, cloud-scalable platform
significantly improves the ability to command cooperative fleets of
spacecraft using non-proprietary technologies—opening a path to
create near-autonomous command and control (C2) capabilities to
support space battle management.
This is the second space-focused investment made by Booz Allen
Ventures since its inception in 2022, and the tenth overall—with a
throughline of AI, cyber, and data aimed at speeding innovation for
the Department of Defense and federal government.
“Quindar is thrilled to partner with Booz Allen Hamilton in
advancing AI-enabled solutions for space management. Together, we
aim to transform how space missions are managed, making them more
efficient, secure, and accessible,” said Nate Hamet, CEO and
co-founder of Quindar. “Our combined expertise and technology will
pave the way to utilize our mission management platform, which is
currently operating multiple customers and assets in space and
support the United States in achieving near-autonomous command,
control, and communication capabilities across hybrid fleets.”
This collaboration further demonstrates the power of dual-use
technology and the need for partnership between the federal and
commercial arenas. It also reflects the growing need in the space
domain to scale and integrate efforts for mission success, with a
focus on automation and secure, open architectures.
“For the last five years or so, the stacks that support
satellite operations have been separated into different stovepipes,
such as launch, payload, and operation,” said Travis Bales,
managing director of Booz Allen Ventures. “Quindar’s stack enables
the future of space support operations for disparate partners and
payloads to be controlled through one holistic view.”
Since launching, Booz Allen’s $100 million corporate venture
capital arm has made strategic investments in early-stage companies
developing dual-use commercial technologies, including Latent AI,
Synthetaic, Reveal Technology, Credo AI, Hidden Level, Shift5,
Hidden Layer, Second Front (2F), and Albedo.
Read more about Booz Allen Ventures and the firm’s space
solutions and capabilities.
About Booz Allen Hamilton
Trusted to transform missions with the power of tomorrow’s
technologies, Booz Allen Hamilton advances the nation’s most
critical civil, defense, and national security priorities. We lead,
invest, and invent where it’s needed most—at the forefront of
complex missions, using innovation to define the future. We combine
our in-depth expertise in AI and cybersecurity with leading-edge
technology and engineering practices to deliver impactful
solutions. Combining 110 years of strategic consulting expertise
with the perspectives of diverse talent, we ensure results by
integrating technology with an enduring focus on our clients. We’re
first to the future—moving missions forward to realize our purpose:
Empower People to Change the World®.
With global headquarters in McLean, Virginia, our firm employs
approximately 34,200 people globally as of March 31, 2024, and had
revenue of $10.7 billion for the 12 months ended March 31, 2024. To
learn more, visit www.boozallen.com. (NYSE: BAH)
Forward-Looking Statements
Certain statements contained in this release include
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Examples of
forward-looking statements include statements that do not directly
relate to any historical or current fact. In some cases, you can
identify forward-looking statements by terminology such as “may,”
“will,” “could,” “should,” “forecasts,” “expects,” “intends,”
“plans,” “anticipates,” “projects,” “outlook,” “believes,”
“estimates,” “predicts,” “potential,” “continue,” “preliminary,” or
the negative of these terms or other comparable terminology.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we can give you no
assurance these expectations will prove to have been correct.
These forward-looking statements relate to future events or our
future financial performance and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements. A number of important factors could cause actual
results to differ materially from those contained in or implied by
these forward-looking statements, including those factors discussed
in our filings with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K for the fiscal year ended
March 31, 2024, which can be found at the SEC’s website at
www.sec.gov. All forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their
entirety by the foregoing cautionary statements. All such
statements speak only as of the date made and, except as required
by law, we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
BAHPR-CO
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240711467984/en/
Media Relations: Amanda Allison-Martini, Allison_Amanda@bah.com
Investor Relations: Investor_Relations@bah.com
Grafico Azioni Booz Allen Hamilton (NYSE:BAH)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Booz Allen Hamilton (NYSE:BAH)
Storico
Da Gen 2024 a Gen 2025
