Investment tackles quantum computing hardware challenges to
accelerate U.S. technical leadership
Booz Allen Hamilton (NYSE: BAH) today announced that its
corporate venture capital arm, Booz Allen Ventures, LLC, has made a
strategic investment in SEEQC, a quantum computing company building
innovative approaches to quantum hardware to enable the rapid
scaling of quantum computers.
Quantum computing offers a fundamentally new approach to solving
certain problems that are out of reach for even the most powerful
supercomputers today, with the potential to transform areas such as
drug discovery, financial modeling, material design, weather
predictions, and logistics optimization. The collaboration with
SEEQC will accelerate Booz Allen’s ability to develop and deploy
this revolutionary technology to support government clients at
speed and scale amidst a rapidly evolving technical landscape.
For more than a decade, Booz Allen has provided clients with
industry-leading expertise in Quantum Information Science &
Technology (QIST). Building on its position as the leading provider
of AI and cybersecurity for the federal government, Booz Allen has
continually worked with its clients to bring quantum
technologies—including quantum computing and quantum-resistant
encryption—to current missions and to prepare clients for the
future.
“I’m excited about the potential to drive faster, better
outcomes by combining SEEQC’s exceptional quantum computing
capabilities with the power of Booz Allen’s advanced technology,
deep quantum expertise, and mission understanding. This is our
thirteenth Ventures investment, and we remain laser-focused on
accelerating innovation to disrupt the federal technology market,”
said Matt Calderone, chief financial officer at Booz Allen. “Over
the last decade Booz Allen has helped more than 100 leading
dual-use technology companies – like SEEQC – bring their unique
capabilities to the mission at speed and scale.”
Identified by Booz Allen’s Tech Scouting team as a promising
start up developing critical technology, SEEQC is breaking down
barriers such as latency, energy, accuracy, and cost—all areas that
have prevented quantum computing hardware from being scaled to the
sizes necessary to solve mission-relevant problems. At a crucial
turning point in the industry, SEEQC is developing a clear path to
scalable quantum computing architectures that tightly integrate the
control and readout electronics with the “qubit” chip—a quantum
computing chip contains quantum bits, or qubits—to form full-stack
quantum processors.
This collaboration will drive forward the hardware and software
improvements essential for scalable quantum computing—helping
unlock new levels of problem-solving power for national security,
civil, and commercial missions and enabling clients to get ahead of
future challenges.
“Quantum computers will present a significant threat to today’s
cybersecurity capabilities while also serving as a critical enabler
for a myriad of applications. It is imperative that the United
States maintain its lead over global competitors and adversaries in
the vast emerging technologies landscape,” said John Levy, CEO of
SEEQC. “Joining forces with Booz Allen presents an incredible
opportunity for SEEQC to collaborate with a team of experts who
have spent years supporting the U.S. government and building the
quantum capabilities needed to solve the nation’s toughest
problems. Together, we’re advancing scalable quantum computing to
tackle challenges that traditional computing can no longer solve
for the federal government and other critical sectors.”
Booz Allen has been on the forefront of U.S. QIST research and
development for years, reflecting the urgency and proactivity
necessary to prepare the country for the quantum age. The
cross-functional team blends domain knowledge with expertise in
cyber, AI, and next-gen communications to not only pioneer new
solutions but also shape the future of quantum to protect U.S.
interests. With this approach, Booz Allen has guided government and
commercial clients in understanding quantum-enabled and
quantum-safe technology to stay ahead of emerging threats while
exploring opportunities to leverage these technologies for U.S.
national interests.
“Quantum technologies are poised to disrupt nearly every field,
and we’re excited to support and partner with SEEQC in the critical
effort to develop novel solutions to address major technical
bottlenecks that currently exist,” said JD Dulny, vice president
and leader of Booz Allen’s quantum practice. “It is imperative that
the United States remains a global leader in the transformative
field of quantum, and this investment will further accelerate
quantum technology toward mission relevance.”
Since its launch, Booz Allen’s $100 million corporate venture
capital arm has made strategic investments in early-stage companies
developing dual-use commercial technologies across AI, cyber,
defense and emerging tech. SEEQC marks the 13th Ventures
investment, adding to a diverse portfolio that includes Latent AI,
RAIC Labs (formerly Synthetaic), Reveal Technology, Credo AI,
Hidden Level, Shift5, Hidden Layer, Second Front (2F), Quindar,
Albedo, Starfish Space, and Reality Defender.
Read more about Booz Allen Ventures and the firm’s quantum
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 35,800 people globally as of September 30, 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)
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version on businesswire.com: https://www.businesswire.com/news/home/20250114157812/en/
Media Relations: Amanda Allison-Martini, Allison_Amanda@bah.com
Investor Relations: Investor_Relations@bah.com
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