In-Q-Tel

Infobox Company
company_name = In-Q-Tel
company_
company_slogan =
vector_
company_type = Privately held company
genre = Technology research, Venture capital
foundation = 29 September 1999
founder = Norm Augustine [ [https://www.cia.gov/library/publications//inqtel/ A new partnership between the CIA and the private sector] ]
location = Arlington, VA [ [http://www.in-q-tel.com/about/careers/careers.html Careers at In-Q-Tel (address)] ]
origins =
key_people = Gilman Louie, CEO, Various, Board of Trustees [ [https://www.cia.gov/library/publications//inqtel/#notes List of the Board of Trustees] ]
area_served =
industry =
products = Investments
revenue = Not-for-profit corporation
operating_income =
net_income =
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parent =
subsid =
owner =
homepage = http://www.iqt.org/
footnotes =

In-Q-Tel of Arlington, Virginia, United States is a not-for-profit venture capital firm that invests in high-tech companies for the sole purpose of keeping the Central Intelligence Agency equipped with the latest in information technology in support of United States intelligence capability.Hoover's (August 30, 2006) " [http://www.hoovers.com/in-q-tel/--ID__104505--/free-co-factsheet.xhtml Hoover's Company Records: In-Q-Tel, Inc.] "] Originally named Peleus and known as In-Q-It, In-Q-Tel was launched in 1999 under the direction of Gilman Louie. In-Q-Tel’s mission is to identify and invest in companies developing cutting-edge technologies that serve United States national security interests. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the CIA, DIA, NGA, and the larger Intelligence Community. In-Q-Tel concentrates on three broad commercial technology areas: software, infrastructure and materials sciences.

Former CIA director George Tenet says,

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. [George Tenet, "At The Center Of The Storm: My Years at the CIA" (Harper Press, 1997), p.26.]

In-Q-Tel sold 5,636 shares of Google Inc., worth over $2.2 million, on Nov 15, 2005. [ [http://google.blognewschannel.com/archives/2005/11/15/cia-sells-google-shares/ CIA sells Google shares] ] The stocks were a result of Google’s acquisition of Keyhole, the CIA funded satellite mapping software now known as Google Earth.

As of August 2006, In-Q-Tel had reviewed more than 5,800 business plans, invested some $150 million in more than 90 companies, and delivered more than 130 technology solutions to the intelligence community. [ [http://www.in-q-tel.com/invest/index.htm In-Q-Tel website: Investing in our National Security.] Obtained August 2006.] In 2005 it was said to be funded with about $37 million a year from the CIA. [http://www.washingtonpost.com/wp-dyn/content/article/2005/08/14/AR2005081401108.html n-Q-Tel, CIA's Venture Arm, Invests in Secrets] ]

elected investments

Of those companies listed on In-Q-Tel's investment website page, [In-Q-Tel website. " [http://www.inqtel.org/invest/eei.html In-Q-Tel — Investments.] " Obtained January 8, 2006.] Hoover's company records identifies the following companies as being selected investments of In-Q-Tel:

* 3VR www.3VR.COM
* A4Vision
* Adapx
* Agent Logic
* ArcSight
* Attensity
* Basis Technology
* Bay Microsystems
* CallMiner
* Cambrios Technology
* Convera
* Decru
* Dust Networks
* Electro Energy, Inc.
* Endeca
* FMS, Inc.
* Gemalto
* Fluidigm
* IatroQuest
* Intelliseek Inc.
* Inxight
* Keyhole, Inc
* Kofax
* Language Weaver
* MetaCarta
* MotionDSP [ [http://www.dmwmedia.com/news/2007/07/24/cias-in-q-tel-backs-video-enhancement-tools-developer-motiondsp CIA's In-Q-Tel Backs Video Enhancement Tools Developer MotionDSP] ]
* MetricStream
* Nanosys
* Network Chemistry
* NovoDynamics
* Paratek
* piXlogic
* Qynergy
* Rosum
* Seahawk Biosystems
* Soflinx
* Spotfire
* Stratify, Inc.
* SRD, Inc.
* Tacit Software
* Traction Software
* Visual Sciences
* Wispry

In-Q-Tel functions partially in public, however what products it has and how they are used is strictly secret. 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.

Governance

In-Q-Tel is a Virginia-registered corporation, legally independent of the CIA or any other government agency. In-Q-Tel answers solely to the CIA,it is bound by a Charter agreement with the CIA, which sets out the relationship between the two organizations, and by an annual contract with the CIA. In-Q-Tel is a nonprofit, however its employees can profit from its investments. According to public records, current principals include:
* Christopher A. R. Darby, President/CEO
* Bruce Adams, Secretary
* Michael M. Crow, Chairman
* Paul G. Kaminiski, Director
* Jeong H. Kim, Director

Other related personnel

Numerous noteworthy business and intelligence community professionals have been involved with In-Q-Tel at various times, including the following:
* Michael D. Griffin – former President; currently NASA Administrator.
* Norman R. Augustine
* Amit Yoran
* John Seely Brown
* Stephen Friedman
* Paul McMahon
* William Perry
* Alex J. Mandl
* Craig Goss
* Rob Painter – former Director for Technology Assessment; left to become Senior Federal Sales Manager at Google.

Views of In-Q-Tel

"In my view the organization has been far more successful than I dreamed it would be," said Norman R. Augustine, who was recruited in 1998 to help set up In-Q-Tel and is an In-Q-Tel trustee. Critics have questioned the societal benefit gained from the secretive investments.

References

External links

* [http://www.in-q-tel.org In-Q-Tel Corporate Site]
* [https://www.cia.gov/library/publications/additional-publications/in-q-tel/index.html White Paper on the In-Q-Tel concept]
* [http://www.fcw.com/article94135-04-24-06-Print Federal Computer Week article about In-Q-Tel]
* [http://www.govexec.com/features/0506-15/0506-15na1.htm Government Executive article about In-Q-Tel]
* [http://www.in-q-tel.com/news/attachments/iqt02_vcfactsheet.pdf Corporate fact sheet]
* [http://www.bens.org/highlights_InQTel.html Business Executives for National Security: The Report of the Independent Panel on the CIA In-Q-Tel Venture]