Investments
442Portfolio Exits
114Partners & Customers
10Service Providers
1About In-Q-Tel
In-Q-Tel operates as a non-profit organization that invests in technologies relevant to national security across sectors. The company partners with startups that develop technologies and evaluates their potential to meet government mission needs. In-Q-Tel serves United States (U.S). government agencies, including the Central Intelligence Agency (CIA), Federal Bureau of Investigation (FBI), and U.S. Cyber Command, by providing access to relevant technologies. In-Q-Tel was formerly known as Peleus and In-Q-It. It was founded in 1999 and is based in Arlington, Virginia. In-Q-Tel operates as a subsidiary of Central Intelligence Agency.
Expert Collections containing In-Q-Tel
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find In-Q-Tel in 2 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
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Game Changers 2018
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Research containing In-Q-Tel
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned In-Q-Tel in 3 CB Insights research briefs, most recently on Apr 29, 2025.
Apr 29, 2025 report
State of CVC Q1’25 Report
Latest In-Q-Tel News
Jul 9, 2025
Jul 9, 2025 • Kim Moore George Hoyem has left the defence investment arm of the US government to join the investment committee of a Canadian VC investor. George Hoyem, head of In-Q-Tel’s investment team for the past several years, has joined Canadian defence and security investor Kensington Capital Partners. Hoyem will sit on the investment committee of ONE9, a Canadian defence venture capital investor which Kensington Capital Partners acquired in March this year. ONE9 invests in national security technologies, including cybersecurity, dual-use technologies and advanced defence innovations. Hoyem will also serve as special advisor to Kensington, assisting with the strategic growth and development of the ONE9 business, according to a release. In-Q-Tel is a US government agency that invests in commercial technologies for the US national security sector and its allies. It was set up in 1999 by the CIA as an independent strategic investment form. Hoyem spent more than 15 years at In-Q-Tel. He joined as a managing partner in 2010, becoming executive vice president of investments in 2022, a role he kept through to his retirement from the firm in June this year. He was a partner at several venture capital firms in the San Francisco Bay Area before joining In-Q-Tel.
In-Q-Tel Investments
442 Investments
In-Q-Tel has made 442 investments. Their latest investment was in Transcelestial as part of their Series B on June 30, 2025.
In-Q-Tel Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/30/2025 | Series B | Transcelestial | $4.48M | Yes | Beyond Earth Technologies, David G Wilson, Golden Egg Ventures, NonPublic, NTT Finance, Paspalis Capital, and Undisclosed Investors | 2 |
6/26/2025 | Seed VC | RevEng.AI | $4.15M | Yes | 2 | |
6/3/2025 | Series C | Antheia | $56M | No | 3 | |
6/2/2025 | Series C | |||||
5/21/2025 | Series B |
Date | 6/30/2025 | 6/26/2025 | 6/3/2025 | 6/2/2025 | 5/21/2025 |
|---|---|---|---|---|---|
Round | Series B | Seed VC | Series C | Series C | Series B |
Company | Transcelestial | RevEng.AI | Antheia | ||
Amount | $4.48M | $4.15M | $56M | ||
New? | Yes | Yes | No | ||
Co-Investors | Beyond Earth Technologies, David G Wilson, Golden Egg Ventures, NonPublic, NTT Finance, Paspalis Capital, and Undisclosed Investors | ||||
Sources | 2 | 2 | 3 |
In-Q-Tel Portfolio Exits
114 Portfolio Exits
In-Q-Tel has 114 portfolio exits. Their latest portfolio exit was Beam on July 08, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/8/2025 | Asset Sale | Rosenxt UK | 2 | ||
6/26/2025 | Acq - Fin | 2 | |||
5/7/2025 | Acquired | 6 | |||
Date | 7/8/2025 | 6/26/2025 | 5/7/2025 | ||
|---|---|---|---|---|---|
Exit | Asset Sale | Acq - Fin | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Rosenxt UK | ||||
Sources | 2 | 2 | 6 |
In-Q-Tel Partners & Customers
10 Partners and customers
In-Q-Tel has 10 strategic partners and customers. In-Q-Tel recently partnered with KA Imaging on November 11, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
11/2/2022 | Partner | Canada | KA Imaging Announces New Strategic Funding Fueling Innovation `` We are pleased to be part of the In-Q-Tel , Inc. portfolio and look forward to expanding our relationship with IQT and its government partners , '' said Amol Karnick , President and CEO of KA Imaging . | 3 | |
11/2/2022 | Partner | United States | OpenFin Pushes Into Government Sector With In-Q-Tel Partnership OpenFin has entered into a strategic partnership with In-Q-Tel , the intelligence community 's venture capital arm , in a push to establish its presence in the government sector . | 1 | |
10/26/2022 | Partner | United States | Trust Lab to Help Federal Market Safeguard the Web from Misinformation and Harmful Actors. Trust Lab enters strategic partnership with In-Q-Tel . | 1 | |
5/17/2022 | Partner | ||||
9/1/2021 | Vendor |
Date | 11/2/2022 | 11/2/2022 | 10/26/2022 | 5/17/2022 | 9/1/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | Canada | United States | United States | ||
News Snippet | KA Imaging Announces New Strategic Funding Fueling Innovation `` We are pleased to be part of the In-Q-Tel , Inc. portfolio and look forward to expanding our relationship with IQT and its government partners , '' said Amol Karnick , President and CEO of KA Imaging . | OpenFin Pushes Into Government Sector With In-Q-Tel Partnership OpenFin has entered into a strategic partnership with In-Q-Tel , the intelligence community 's venture capital arm , in a push to establish its presence in the government sector . | Trust Lab to Help Federal Market Safeguard the Web from Misinformation and Harmful Actors. Trust Lab enters strategic partnership with In-Q-Tel . | ||
Sources | 3 | 1 | 1 |
In-Q-Tel Service Providers
1 Service Provider
In-Q-Tel has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
In-Q-Tel Team
60 Team Members
In-Q-Tel has 60 team members, including current Chief Executive Officer, President, Stephen C. Bowsher.
Name | Work History | Title | Status |
|---|---|---|---|
Stephen C. Bowsher | InterWest Partners, E*TRADE, Individual, and FreeLoader | Chief Executive Officer, President | Current |
Name | Stephen C. Bowsher | ||||
|---|---|---|---|---|---|
Work History | InterWest Partners, E*TRADE, Individual, and FreeLoader | ||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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