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Is In-Q-Tel CIA?
The Central Intelligence Agency (CIA), the United States’ principal foreign intelligence and spy organization, chartered the first government-sponsored venture capital firm, dubbed In-Q-Tel, in February 1999. In-Q-Tel represents the twenty-first century fusion of U.S. spy efforts with the venture capital industry.
How is In-Q-Tel funded?
CIA identifies pressing problems, and In-Q-Tel provides the technology to address them. In 2016, it was funded with at least $120 million per year primarily from the CIA, as well as the NSA, FBI, and US Defense Department.
Why invest in in-Q-Tel?
The firm is seen as a trend-setter in the information technology industry, with the average dollar invested by In-Q-Tel in 2016 attracting fifteen dollars from other investors. Originally named Peleus and known as In-Q-It, In-Q-Tel was founded by Norm Augustine, a former CEO of Lockheed Martin and by Gilman Louie, who was In-Q-Tel’s first CEO.
Who is the CEO of in-Q-Tel?
In addition to approving all deals in partnership with CEO Chris Darby, Bowsher has personally managed In-Q-Tel’s relationships with Palantir, Databricks, MongoDB, Anaconda, Initiate Systems, Cleversafe, Cloudera, Immersive Wisdom, Reversing Labs, and others.
What does in-Q-Tel mean?
In-Q-Tel. Originally named Peleus and known as In-Q-It, In-Q-Tel was founded by Norm Augustine, a former CEO of Lockheed Martin and by Gilman Louie, who was In-Q-Tel’s first CEO. In-Q-Tel’s mission is to identify and invest in companies developing cutting-edge technologies that serve United States national security interests.
Who is in-Q-Tel’s Mark strottman?
Before joining In-Q-Tel, Strottman worked in the Technology Investment Banking Group at Friedman Billings Ramsey. During his time at FBR, he executed public and private equity financing, merger and acquisition, restructuring, and venture capital transactions totaling more than $3 billion.