MCLEAN, Va.--(BUSINESS WIRE)--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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