TLDR:
– Scout Ventures closes Fund IV at $94 million
– Fund focuses on backing companies developing frontier and dual-use critical technologies
Scout Ventures, a seed-stage venture capital firm, announced the successful closing of Fund IV at $94 million. The firm looks to back companies developing frontier and dual-use critical technologies – technologies with both commercial and national security applications. Scout focuses on different sectors including frontier technologies such as AI & data science, robotics, drones, autonomous mobility, AR/VR, advanced materials, physical and cybersecurity, quantum computing, and space as well as enterprise SaaS. USAA is one backer of the new fund. Managing Partner Brad Harrison expressed gratitude for the overwhelming support received for Fund IV, highlighting the continued trust from existing investors and the addition of new partners like J.P. Morgan Asset Management, Vanderbilt University Endowment, and more.
Other news related to USAA includes a partnership with Roost to offer the Roost Security360 Solution to its 13 million members, the addition of Tom Troy as chief transformation officer, and State Farm rolling out crash detection technology that may appear to be playing catch-up to USAA in this space.
