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WASHINGTON — Booz Allen Hamilton, the U.S. defense and intelligence contractor, announced July 11 that its corporate venture capital arm, Booz Allen Ventures, has made a strategic investment in Quindar, an early-stage commercial space technology company.
The investment aims to support Quindar’s platform for automating satellite operations. Satellite owners use Quindar’s app to analyze, test and operate their constellation, and operate their satellite fleet with minimal human intervention.
Booz Allen launched its corporate venture arm in 2022 and manages a fund of about $100 million.
Founded in 2022 by former OneWeb engineers in Denver, Quindar says its goal is to “democratize space” by providing an IT infrastructure for satellites.
Chris Bogdan, executive vice president at Booz Allen and leader of the firm’s space business, said the investment in Quindar was at the seed stage because “we were confident in Quindar’s solution based on the critical needs our DoD clients are experiencing.” Bogdan noted that federal clients are increasingly seeking industry help to accelerate innovation and integrate technology to modernize legacy satellite and ground systems.
Nate Hamet, CEO and co-founder of Quindar, said the company is “thrilled to partner with Booz Allen Hamilton in advancing AI-enabled solutions for space management.”
Travis Bales, managing director of Booz Allen Ventures, highlighted the growing need in the space domain to scale and integrate mission areas. “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,” Bales added. “Quindar’s stack enables the future of space support operations for disparate partners and payloads to be controlled through one holistic view.”
Booz Allen Ventures previously invested in early-stage companies developing dual-use technologies, including Latent AI, Synthetaic, Reveal Technology, Credo AI, Hidden Level, Shift5, Hidden Layer, Second Front and Albedo.
Quindar in January announced it closed a $6 million funding round as an extension to a $2.5 million seed round it completed a year ago.