by Clarence Oxford
Los Angeles CA (SPX) Jul 11, 2024
Booz Allen Hamilton (NYSE: BAH) reports that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Quindar, a commercial space technology startup focused on automating satellite operations. This investment supports Booz Allen's VoLT business strategy-emphasizing velocity, leadership, and technology-and underscores the importance of integrating advanced technologies in the space sector to enhance global awareness, security, automation, and data collection.
"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 transform the space industry rapidly, federal clients are increasingly looking to industry partners to accelerate innovation and integrate modern technologies. This transformation involves replacing outdated satellite and ground systems with new, AI-enabled technologies.
To support these evolving missions, Booz Allen Ventures has strategically invested in Quindar, whose virtualized, cloud-scalable platform enhances the ability to command cooperative spacecraft fleets using non-proprietary technologies. This approach paves the way for near-autonomous command and control capabilities, crucial for space battle management.
This marks the second space-focused investment by Booz Allen Ventures since its inception in 2022, and the tenth overall. These investments focus on AI, cyber, and data to drive 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 highlights the value of dual-use technology and the necessity of federal and commercial partnerships. It also underscores the growing need to scale and integrate efforts in the space domain, focusing 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 its launch, 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.
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