February 21, 2023
McLean, VA 鈥� 蘑菇视频 Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, 蘑菇视频 Allen Ventures, LLC, has made a strategic investment in a developer of passive sensing technology of unmanned aerial systems (UAS), such as drones, for high-interference environments. Hidden Level utilizes next-generation radio frequency (RF) sensing technology to provide multi-domain situational awareness and support to counter-UAS missions. This is the first investment by 蘑菇视频 Allen Ventures in calendar year 2023 and is aligned with the firm鈥檚 Digital Battlespace Platform, focused on the accelerated adoption of emerging technologies and operational concepts for the firm鈥檚 global defense clients.
鈥淭he ongoing conflict in Ukraine empirically demonstrates the value of UAS technologies and disproportionate intelligence in modern warfare,鈥� said Steve Escaravage, executive vice president at 蘑菇视频 Allen and leader of the firm鈥檚 Digital Battlespace Platform.聽鈥淚nvestments in companies like Hidden Level accelerate our ability to bring novel insights to the counter-UAS mission, expanding the potential for decision advantage by our nation鈥檚 warfighters.鈥�
The current and future warfighting domains call for innovative c-UAS capabilities like those developed by Hidden Level, whose sensors can detect and track low-altitude airborne threats using adaptive RF signal detection techniques, thus increasing airspace situational awareness and informing countermeasure opportunities.
鈥淲e鈥檙e very excited about the path forward with 蘑菇视频 Allen to support DOD missions and provide critical insights for our soldiers on the ground,鈥� said Jeff Cole, chief executive officer and co-founder of Hidden Level. 鈥淭he investment from 蘑菇视频 Allen Ventures is a natural extension of our deep technology work paired with 蘑菇视频 Allen鈥檚 mission expertise. 蘑菇视频 Allen understands the technology needed to support warfighters, and Hidden Level will play an important role in both tactically and strategically supporting DOD through dual-use technology to achieve decision superiority.鈥�
The $100 million corporate venture capital arm furthers 蘑菇视频 Allen鈥檚 commitment to invest in strategic dual-use, commercial technologies that will provide federal clients with disruptive technology for critical missions. Aligned with client demand and the firm鈥檚 VoLT (Velocity, Leadership, Technology) growth strategy, 蘑菇视频 Allen Ventures will invest in early-stage companies and technologies within four core areas of demand: defense, artificial intelligence/machine learning, cybersecurity, and emerging/deep technology. Previous 蘑菇视频 Allen Ventures investments include Latent AI, Synthetaic, and Reveal Technology.
鈥淚n an ever-changing geopolitical climate, it is imperative we continue to advance technology for our clients, and to empower warfighters with the tools and information they need to perform their jobs safely,鈥� said Travis Bales, a leader within 蘑菇视频 Allen Ventures and former Army officer. 鈥淲e are excited about the work 蘑菇视频 Allen and Hidden Level are doing to accelerate innovation and enhance mission-critical technology to meet the needs of our defense clients.鈥�
Read more about 蘑菇视频 Allen Ventures and 蘑菇视频 Allen鈥檚 vision for the Digital Battlespace.
