Booz Allen Establishes $100M Venture Capital Arm; Susan Penfield Quoted

TYSONS CORNER, VA, Aug. 2, 2022 — Booz Allen Hamilton (NYSE: BAH) seeks to advance commercial technology development and deployment to support government missions with the help from its recently launched $100 million venture capital arm, ExecutiveBiz reported.

“Booz Allen Ventures taps into America’s collective ingenuity by investing in software, hardware, and deep-tech startups that offer differentiated applications for the federal sphere, providing our clients access to a next-generation supply chain of breakthroughs critical to America’s national security and economic vitality,” said Susan Penfield, chief technology officer at Booz Allen and a three-time Wash100 Award winner. 

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