In-Q-Tel

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	proteanTecs	$51.0M Series D	—	Addition, Greylock, Dave Munichiello, Lightspeed Venture Partners, QBE Ventures
Sep 1, 2025	PassiveLogic	$74.0M Series C	—	Addition, A/O PropTech, Greylock, Dave Munichiello, Lightspeed Venture Partners, QBE Ventures
Jul 1, 2025	Stable	$28.0M Seed	—	Acrew Capital, Anthemis Group, LombardStreet Ventures, Notion Capital, OS Fund, Prototype Capital, Range VC, Trucks Venture Capital
Jul 1, 2025	Diraq	$15.0M Venture Round	—	CP Ventures, Main Sequence Ventures, Emlyn Scott
Jun 1, 2025	Glean	$150.0M Series F	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, Battery Ventures, BITKRAFT Ventures, CapitalG, Cedar Capital Group, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, FirstMark Capital, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, Insight Partners, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Singular, Snowflake Ventures, Spark Capital, Summit Partners, SV Angel, Telescope Partners, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Wellington Management, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Apr 1, 2025	Navro	$41.0M Series B	—	AI Fund, Angelic Ventures, Bain Capital Ventures, Element Ventures, Embedded Ventures, Gaingels, MS&AD Ventures, Plug & Play Ventures, Signia Venture Partners, Unusual Ventures, Voyager Capital, XStarPartners, Luca Ascani
Apr 1, 2025	Belvo	$15.0M Venture Round	—	Citi Ventures, Incisive Ventures, Kaszek Ventures, Redpoint Ventures, Steve Krausz, David de Picciotto, David Vélez, Harsh Sinha, Matt Carbonara
Apr 1, 2025	Omnidian	$87.0M Series C	—	Alumni Ventures, Amadeus Capital Partners, Element Partners, Karim Faris, Operator Collective, Schematic Ventures, Shine Capital, Y Combinator, Jawed Karim, Paul Graham, Rich Miner, Sam Altman, Scott Belsky, Thomas Tull, Tim Griffin
Jan 1, 2025	Quantum Brilliance	$20.0M Series A	—	CP Ventures, Incisive Ventures, Main Sequence Ventures, MYASIAVC PTE LTD, Rainfall Ventures, Sommet AB, Didier Valet, Emlyn Scott, Kunal Shah, Nate Matherson, Philippe Teixeira da Mota
Jan 1, 2025	Quantifind	$22.0M Venture Round	—	AirAngels, Alt Capital, Awesome People Ventures, Balderton Capital, Citi Ventures, Earl Grey Capital, Energy Impact Partners, Glilot Capital Partners, Gradient Ventures, ICONIQ Capital, Insight Partners, Moonshots Capital, Mucker Capital, Not Boring Capital, QED Investors, Radical Ventures, Redpoint Ventures, Supercharge.vc, TLV Partners, Top Tier Capital Partners, Touchdown Ventures, TTV Capital, Jacques Benkoski, Steve Krausz, U.S. Venture Partners, Vibe Capital, Allison Pickens (Allison Pickens Ventures), Christian Reber, Daren Cotter, James Beshara, Matt Carbonara, Scott Belsky
Jan 1, 2025	Atalanta Therapeutics	$97.0M Series B	—	5AM Ventures, ARCH Venture Partners, Canaan Partners, Forbion, F-Prime Capital Partners, Pivotal bioVenture Partners, Red Tree Venture Capital, RiverVest, Sanofi Ventures, Sequoia Capital, The Column Group
Sep 1, 2024	Multiscale Technologies	$11.0M Series A	—	Bascom Ventures, Harmonix Fund, KB Partners, Starframe Capital, Thomas Tull
Sep 1, 2024	UJET	$76.0M Series D	—	Accel, Amadeus Capital Partners, Amity Ventures, DCM, Element Partners, Flex Capital, Foundation Capital, Karim Faris, GV, ICONIQ Capital, PruVen Capital, Recall Capital, Sapphire Ventures, Schematic Ventures, Marco DeMeireles, Frederic Kerrest, Gokul Rajaram, Thomas Tull
Sep 1, 2024	Glean	$260.0M Series E	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sapphire Ventures, Sequoia Capital, Spark Capital, Summit Partners, SV Angel, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Aug 1, 2024	Fleet	$3.0M Seed	—	Alumni Ventures, Elefund, Invariantes Fund, John Fontein
Jul 1, 2024	Altana	$200.0M Series C	—	Amadeus Capital Partners, Ballistic Ventures, Element Partners, Karim Faris, GV, Harmonix Fund, Schematic Ventures, TY, Thomas Tull
Jul 1, 2024	Halo Industries	$80.0M Series B	—	11, 11k Ventures, Accel, Addition, Alumni Ventures, Applied Ventures, Avalon Ventures, Craft Ventures, Dimension Capital, Founder Collective, Founders Fund, Haun Ventures, ICONIQ Capital, Innovation Endeavors, Jetstream, Khosla Ventures, LGF, Lockheed Martin Ventures, Long Journey Ventures, Paradox Capital, Primer Sazze Partners, Sequoia Capital, Starframe Capital, The Hit Forge, Trajectory Ventures, Walden International, XStarPartners, Amjad Masad, Anna Yuan, Bradley Horowitz, David Mytton, Guillaume Lestrade, Julie Zhuo, Oleg Rogynskyy, Omar El-Ayat, Sahin Boydas, Sam Altman, Saturnin Pugnet, Tobias Lutke, Tony Xu, Young Song
Jun 1, 2024	Visibly	$8.0M Seed	—	Amadeus Capital Partners, Chicago Ventures, Element Partners, Karim Faris, Hubrix Ventures, Picus Capital, Revelry Venture Partners, Schematic Ventures, Tensility Venture Partners, Tribeca Venture Partners, Trust Ventures, Union Square Ventures, Thomas Tull
Jun 1, 2024	Diraq	$7.0M Series A	—	CP Ventures, Main Sequence Ventures, Emlyn Scott
May 1, 2024	Alkira	$100.0M Series C	—	ARCH Venture Partners, Ataria Ventures, Atento Capital, Canaan Partners, F-Prime Capital Partners, Kleiner Perkins, Sequoia Capital, TY, Webb Investment Network, Y Combinator
Apr 1, 2024	FloQast	$100.0M Series E	—	11, 9Yards Capital, Accel, Addition, Avalon Ventures, Craft Ventures, Dimension Capital, Founder Collective, Founders Fund, Haun Ventures, ICONIQ Capital, Jetstream, Khosla Ventures, LGF, Long Journey Ventures, Meritech Capital Partners, Norwest Venture Partners, Paradox Capital, Polaris Partners, Primer Sazze Partners, Sequoia Capital, The Hit Forge, Toba Capital, Andy Cohen, World Innovation Lab, XStarPartners, Amjad Masad, Anna Yuan, Bradley Horowitz, David Mytton, Guillaume Lestrade, Julie Zhuo, Mo El-Bibany, Oleg Rogynskyy, Omar El-Ayat, Sam Altman, Tobias Lutke, Tony Xu, Young Song
Apr 1, 2024	Quantum Circuits, Inc.	$60.0M Series B	—	ARCH Venture Partners, Canaan Partners, Foresite Capital, F-Prime Capital Partners, Sequoia Capital
Feb 1, 2024	Navro	$14.0M Venture Round	—	AI Fund, Angelic Ventures, Bain Capital Ventures, Element Ventures, Embedded Ventures, Fin Capital, FinTech Collective, Gaingels, Intuit Ventures, Lightspeed Venture Partners, MS&AD Ventures, Plug & Play Ventures, Signia Venture Partners, Unusual Ventures, Voyager Capital, XStarPartners, Luca Ascani
Feb 1, 2024	Nucleus Security	$13.0M Series B	—	Arthur Ventures, Lead Edge Capital
Feb 1, 2024	Galileo AI	$4.0M Seed	—	11, Accel, Addition, Avalon Ventures, Benchmark, C2 Investment, Caffeinated Capital, Coatue, Craft Ventures, Dimension Capital, Founder Collective, Founders Fund, Haun Ventures, ICONIQ Capital, Jetstream, Khosla Ventures, LGF, Long Journey Ventures, No Label Ventures, Operator Collective, Paradox Capital, Primer Sazze Partners, Project A, Sequoia Capital, The Hit Forge, XStarPartners, Amjad Masad, Anna Yuan, Bradley Horowitz, Chris Cheng, David Mytton, Felipe Navio, Guillaume Lestrade, Oleg Rogynskyy, Omar El-Ayat, Sam Altman, Scott Belsky, Tobias Lutke, Tony Xu, Young Song

Financial History

Total Raised

N/A

Valuation

N/A

Deep Dive

High-Level Overview

In-Q-Tel (IQT) is a U.S.-based nonprofit venture capital firm founded to bridge the gap between cutting-edge commercial technology and the national security needs of the United States intelligence community, primarily the CIA. Its mission is to identify, invest in, and leverage emerging technologies that can enhance U.S. intelligence capabilities and allied security partners. IQT focuses on sectors such as artificial intelligence, cybersecurity, quantum computing, space technologies, biotechnology, microelectronics, and software infrastructure. By investing in innovative startups, IQT not only supports national security objectives but also fosters the growth of these companies, often accelerating their commercial success and impact on the broader tech ecosystem[1][2][3][6].

Origin Story

In-Q-Tel was established in 1999, inspired by former CIA Director George Tenet’s vision to close the innovation gap between Silicon Valley and the intelligence community. The founding leadership included Norm Augustine, former CEO of Lockheed Martin, and IQT’s first CEO, Gilman Louie. The organization was created as a unique public-private partnership to outsource some of the CIA’s research and development efforts by investing in promising private sector technologies. Over time, IQT expanded its focus from primarily U.S.-centric information technology to a global investment platform spanning frontier technologies and working with multiple government partners including allied nations[1][2][3][6].

Core Differentiators

Unique Investment Model: IQT operates as a nonprofit venture capital firm funded by the U.S. government but functions independently, investing in startups that align with national security interests while also being commercially viable[2][4][5].

Network Strength: IQT maintains strategic relationships with over a dozen U.S. government agencies and allied partners worldwide, leveraging deep insights into the venture capital ecosystem to identify promising technologies early[3][6].

Track Record: With over 750 investments since inception, IQT has backed influential companies such as Keyhole (which became Google Earth), Palantir, and numerous startups in AI, quantum computing, and space sectors[3][4].

Operating Support: Beyond capital, IQT acts as a board observer in portfolio companies, providing guidance and facilitating connections to government customers, accelerating product development and adoption within national security contexts[2][4].

Role in the Broader Tech Landscape

IQT rides the trend of increasing convergence between commercial innovation and government security needs, particularly as emerging technologies like AI, quantum computing, and space systems become critical to national defense and intelligence. The timing is crucial given the rapid pace of technological change and the strategic competition globally, which demands that U.S. intelligence agencies stay ahead by leveraging private sector innovation. IQT influences the broader ecosystem by channeling government funding into startups, validating their technologies, and helping scale solutions that often have dual-use applications in both public and private sectors[3][4][6].

Quick Take & Future Outlook

Looking ahead, IQT is poised to deepen its investments in frontier technologies such as engineered biology, advanced microelectronics, and space systems, reflecting the evolving landscape of national security challenges. As geopolitical tensions and technological competition intensify, IQT’s role as a bridge between Silicon Valley and government will likely grow in importance. Its global expansion and collaboration with allied nations suggest an increasing influence on shaping the future of defense-related innovation. IQT’s continued ability to identify transformative technologies early will be critical to maintaining U.S. technological superiority and fostering a robust startup ecosystem aligned with national security priorities[3][6][7].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: IQT operates as a nonprofit venture capital firm funded by the U.S. government but functions independently, investing in startups that align with national security interests while also being commercially viable[2][4][5].

Network Strength: IQT maintains strategic relationships with over a dozen U.S. government agencies and allied partners worldwide, leveraging deep insights into the venture capital ecosystem to identify promising technologies early[3][6].

Track Record: With over 750 investments since inception, IQT has backed influential companies such as Keyhole (which became Google Earth), Palantir, and numerous startups in AI, quantum computing, and space sectors[3][4].

Operating Support: Beyond capital, IQT acts as a board observer in portfolio companies, providing guidance and facilitating connections to government customers, accelerating product development and adoption within national security contexts[2][4].

In-Q-Tel

Financial History

Investments Made

Financial History

Leadership Team

Leadership Team

Deep Dive

High-Level Overview

Origin Story

Core Differentiators

Role in the Broader Tech Landscape

Quick Take & Future Outlook

Sources

Deep Dive

High-Level Overview

Origin Story

Core Differentiators

Role in the Broader Tech Landscape

Quick Take & Future Outlook

Sources

Leadership Team

Financial History

Investments Made