In-Q-Tel

Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} In-Q-Tel (IQT), formerly Peleus and In-Q-It, is an American not-for-profit venture capital firm based in Arlington, Virginia. It invests in companies to keep the Central Intelligence Agency, and other intelligence agencies, equipped with the latest in information technology in support of United States intelligence capability.<ref name="Hoover's"/> The name "In-Q-Tel" is an intentional reference to Q, the fictional inventor who supplies technology to James Bond.<ref name=powers_jablonski/>

History

Template:Pic Originally named Peleus and known as In-Q-It, In-Q-Tel was "the brainchild" of former Director of Central Intelligence George Tenet.<ref>Template:Cite news</ref> Gilman Louie was In-Q-Tel's first CEO<ref name="Hoover's"/><ref name="powers_jablonski"/> and Norm Augustine, a former CEO of Lockheed Martin, led the board of directors.<ref name="yannuzzi">Template:Cite web</ref> In-Q-Tel's mission is to identify and invest in companies developing cutting-edge technologies that serve United States national security interests. Congress approved funding for In-Q-Tel, which was increased in later years.<ref name="Paletta2016">Template:Cite news</ref> Origins of the corporation can also be traced to Ruth A. David, who headed the Central Intelligence Agency's Directorate of Science & Technology in the 1990s and promoted the importance of rapidly advancing information technology for the CIA.<ref name=powers_jablonski>Template:Cite book</ref>

In-Q-Tel now engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the CIA, DIA, NGA, and the wider intelligence community.<ref name=IQT>Template:Cite web</ref> In-Q-Tel concentrates on three broad commercial technology areas: software, infrastructure and materials sciences.

Former CIA director George Tenet said,

We [the CIA] decided to use our limited dollars to leverage technology developed elsewhere. In 1999 we chartered ... In-Q-Tel. ... While we pay the bills, In-Q-Tel is independent of CIA. CIA identifies pressing problems, and In-Q-Tel provides the technology to address them. The In-Q-Tel alliance has put the Agency back at the leading edge of technology ... This ... collaboration ... enabled CIA to take advantage of the technology that Las Vegas uses to identify corrupt card players and apply it to link analysis for terrorists [cf. the parallel data-mining effort by the SOCOM-DIA operation Able Danger], and to adapt the technology that online booksellers use and convert it to scour millions of pages of documents looking for unexpected results.<ref>Template:Citation</ref>

In-Q-Tel sold 5,636 shares of Google, worth over US$2.2 million, on November 15, 2005.<ref>Template:Cite web</ref> The share transfer was a result of Google's acquisition of Keyhole, Inc, the CIA-funded satellite mapping software now known as Google Earth.<ref>Template:Cite web</ref>

In August 2006, In-Q-Tel reviewed more than 5,800 business plans and invested approximately $150M in more than 90 companies.<ref name="Hoover's"/><ref>In-Q-Tel website: Investing in our National Security. Template:Webarchive Obtained August 2006.</ref>

As of 2016, In-Q-Tel listed 325 investments, but more than 100 were secret, according to the Washington Post.<ref name="Paletta2016" />

Governance

In-Q-Tel is a Virginia-registered corporation,<ref>Template:Cite web</ref> legally independent of the CIA or any other government agency. The corporation is bound by its Charter agreement and annual contract with the CIA, which set out the relationship between the two organizations. In-Q-Tel's mission (to support the Intelligence Community's technical needs) is promoted by the In-Q-Tel Interface Center (QIC), an office within the CIA that facilitates communication and relationships between In-Q-Tel and government intelligence organizations.<ref>Template:Cite web</ref> While In-Q-Tel is a nonprofit corporation, it differs from IARPA and other models in that its employees and trustees can profit from its investments. A Wall Street Journal investigation found that in 2016, nearly half of In-Q-Tel's trustees had a financial connection with a company the corporation had funded.<ref name="Paletta2016" />

In-Q-Tel's current president and CEO is Steve Bowsher.

Original members of the board include Lee A. Ault, III, Norman R. Augustine, John Seely Brown, Stephen Friedman, Paul G. Kaminski, Jeong H. Kim, Alex J. Mandl, John N. McMahon, and William J. Perry.<ref>Template:Cite web</ref>

The chairman of the board is Michael M. Crow.<ref name="In-Q-TelTeam">Template:Cite web</ref>

Investments

Template:More citations needed The company lists the majority of its investments on its website page.<ref>In-Q-Tel website. In-Q-Tel — Portfolio. Template:Webarchive</ref>

In-Q-Tel functions partially in public; however, what products it has and how they are used is strictly secret.<ref name="In">Template:Cite news</ref> According to The Washington Post, "virtually any U.S. entrepreneur, inventor or research scientist working on ways to analyze data has probably received a phone call from In-Q-Tel or at least been Googled by its staff of technology-watchers."<ref name="In" />

Software

• ArcSight – secure software<ref name="Paletta2016" />
• Attensity – search engine
• Basis Technology – multilingual text analytics and cyber forensics<ref name="Paletta2016" />
• CallMiner – Phone speech analytics software
• Connectify – Wifi & VPN
• Convera RetrievalWare – search engine
• Destineer – games FPS training simulation
• Digital Reasoning – Synthesys v3.0 – review facts and associations at a glance
• Endeca – search data repositories
• FireEye – malware protection
• Forterra – virtual worlds for training
• Huddle – cloud-based content collaboration software
• Inktomi Corp – network infrastructure software
• InnoCentive – crowdsourcing websites
• Inxight – search engine
• Keyhole, Inc – Geospatial visualization application (Acquired by Google in 2004 and would go on to become Google Earth in 2005)
• Language Weaver – automatic language translation
• Lingotek – translation services
• MemSQL – Distributed, in-memory, SQL database management system for real-time analytics
• MetaCarta – search engine
• Palantir Technologies – data integration, search and discovery, knowledge management, and secure collaboration<ref>Template:Cite web</ref>
• Platfora – big data analytics and visualization
• Recorded Future – web intelligence and predictive analytics
• SRA OrionMagic – cms software
• Socrata – Open Data Solutions for Government Innovation
• Spotfire – visualization data analytics
• Tacit Knowledge Systems – internal software<ref name="Paletta2016" />
• Teradici Corporation – desktop virtualization
• TerraGo – location intelligence applications and software GeoPDF
• Traction Software – web 2.0<ref name="Paletta2016" />
• Visual Sciences – real-time visual analysis
• Wickr - Encrypted messaging application<ref>Template:Cite web</ref>
• zSpace (company) – 3-Dimensional holographic imaging displays

Infrastructure

Hardware

• Xanadu Quantum Technologies<ref>Template:Cite web</ref> – photonic quantum computers
• Tyfone<ref>Template:Cite web</ref> – digital security for mobility, cloud, and IoT
• Stoke Space – reusable rocket<ref>Template:Cite web</ref>

Data centers

• Bay Microsystems – packet processing and data traffic<ref name="Paletta2016" />
• Systems Research and Development – real-time data warehousing<ref name="Paletta2016" />
• Network Appliance – Decru (networked data storage)<ref name="Paletta2016" />
• JetCool – liquid cooling for data centres<ref>Template:Cite web</ref>

Bioscience

• Colossal Biosciences<ref>Template:Cite web</ref>

Related personnel

• Dan Geer (2008–present) Chief Information Security Officer<ref>Dan Geer leaves Verdasys for In-Q-Tel Template:Webarchive, by Ryan Naraine, ZDNet, May 28, 2008. Accessed 2008-07-09.</ref>
• Michael D. Griffin – former president; later administrator of NASA.<ref>Template:Cite web</ref><ref>Template:Cite journal</ref>
• Norman R. Augustine<ref name="powers_jablonski" />
• Gilman Louie – former CEO<ref>Template:Cite web</ref>
• Paul G. Kaminski – former director<ref>Template:Cite web</ref>
• Amit Yoran – former CEO<ref>Template:Cite web</ref>
• John Seely Brown<ref name=":1">Template:Cite web</ref>
• Stephen Friedman<ref name=":1" />
• William J. Perry<ref name=":1" />
• Alex J. Mandl<ref name=":1" />
• Rebecca Bace<ref>Template:Cite web</ref>
• Luciana Borio<ref>Template:Cite web</ref>
• Peter Barris<ref name="Paletta2016" />
• Anita K. Jones<ref name="Paletta2016" />
• Jami Miscik<ref name="Paletta2016" />
• Jeong H. Kim<ref>Template:Cite web</ref>

External links

• Template:Official website