Innovative new companies on the cutting edge of artificial intelligence, drones, quantum computing, biotechnology and futuristic satellites are all among the outfits being invested in by In-Q-Tel — essentially a venture capital firm operating under the purview of the CIA — that announced its 800th investment this week.
“For 26 years, IQT has been a critical bridge, connecting the cutting-edge capabilities of the private sector with the ever-evolving needs of our intelligence and defense communities,” the firm, which operates as a nonprofit, said in a statement. The latest investment numbers are a marked increase from eight years ago, when IQT announced it had passed 325 investments. While many are publicized, hundreds are kept secret due to national security concerns.
Notable new investments include Cerabyte, a German company that builds ceramic-based storage systems designed to enhance data storage sustainability, and GetReal Security, a California-based firm developing anti-AI screening systems that help detect deepfakes and other deceptive applications.
In-Q-Tel says its investments in emerging technologies improve U.S. innovation in aerospace, defense and cybersecurity. IQT President and CEO Steve Bowsher told Threat Status in an exclusive video interview last year that the U.S. “needs to stay at the cutting edge of those technologies in order to remain the preeminent economic and security power.”