LAFAYETTE, Colorado — Quindar, a Lafayette-based satellite operations software startup, has received backing from Booz Allen Ventures LLC, the venture capital arm of the McLean, Virginia-based technology and consulting giant Booz Allen Hamilton.
Booz Allen (NYSE: BAH) made an investment in Quindar, the companies announced, but the size of the investment was not disclosed.
Quindar creates software to automate spacecraft command and uses artificial intelligence in what it develops. Booz Allen’s investment is part of its efforts to accelerate innovation for its federal clients, primarily the Department of Defense, whose satellite and ground systems are becoming obsolete and may be replaced with AI-enabled commercial systems, according to a recent release by the company.
“Together, we aim to transform how space missions are managed, making them more efficient, secure, and accessible,” Nate Hamet, CEO and co-founder of Quindar, said in a release.
Booz Allen's strategic investment in Quindar will help open a path to near-autonomous spacecraft command and control, the company said.
“This collaboration further demonstrates the power of dual-use technology and the need for partnership between the federal and commercial arenas,” the company said.
> Read the full article at the Denver Business Journal.
