Booz Allen Hamilton Holding Corporation has announced a significant increase in its venture capital commitment, tripling its investment from $100 million to $300 million. This move aims to enhance American innovation by investing in early-stage technology companies that are set to transform U.S. government missions. Over the next five years, Booz Allen Ventures plans to make 20-25 new investments, focusing on areas such as artificial intelligence, cyber, defense tech, and deep tech, while also expanding to support companies driving American reindustrialization. The expansion builds on the success of previous investments in 17 portfolio companies, delivering strategic growth opportunities across various sectors. According to Booz Allen's CFO, Matt Calderone, this commitment underscores the importance of America's innovation ecosystem in maintaining global tech supremacy.
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