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    In-Q-Tel logo

    In-Q-Tel

    Tysons, United StatesFounded 1999
    www.iqt.orgLinkedIn
    AICybersecurityBiotech & Life SciencesDefense & SpaceHardware & SemiconductorsInfrastructure & CloudEnterprise SoftwareData & Analytics

    In-Q-Tel (IQT) is an independent, not-for-profit strategic investment firm that accelerates the transition of groundbreaking technologies from the private sector to the U.S. national security community and its allies. Founded in 1999, IQT identifies, evaluates, and leverages emerging commercial technologies across areas such as AI, cybersecurity, biotechnology, space systems, and microelectronics.

    Average disclosed round size is $51.1M (across 100 rounds with reported amounts).

    Find people at In-Q-Tel on Goldilocks AI

    Portfolio

    108

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    14

    Team

    DG

    Dan Gwak

    Chief investment officer

    BA

    Bruce Adams

    GENERAL COUNSEL

    JN

    Jennifer Nelson

    EVP, INTERNATIONAL

    JS

    Julianne Sobral

    chief of staff

    LF

    Liz Fox

    EVP, communications

    MS

    Matt Strottman

    Chief operating Officer

    MA

    Megan Anderson

    EVP, Technology

    SB

    Steve Bowsher

    CEO

    YZ

    Yan Zheng

    EVP, strategic Engagements

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    125 investments
    CompanyRoundAmountDate
    Mariana Minerals logoMariana MineralsSeries B$310MAug 2026
    Cylake logoCylakeUnknown—Apr 2026
    Hermeus logoHermeusSeries C—Apr 2026
    Advanced Navigation logoAdvanced NavigationSeries C$102.7MMar 2026
    Science Corporation logoScience CorporationSeries C$230MMar 2026
    VulnCheck logoVulnCheckSeries B—Feb 2026
    Inertia logoInertiaSeries A—Feb 2026
    Deepgram logoDeepgramSeries C$130MJan 2026
    Armadin logoArmadinSeed$189.9MJan 2026
    FFirestorm LabsSeries B$82MJan 2026
    Raysecur logoRaysecurUnknown—Nov 2025
    Sakana AI logoSakana AISeries B$135MNov 2025
    Havoc AI logoHavoc AISeries C$85MOct 2025
    CCloudburst TechnologiesSeries A$7MSep 2025
    Clika logoClikaSeed—Aug 2025
    Nebulock logoNebulockSeed—Jul 2025
    Dropzone AI logoDropzone AISeries B$37MJul 2025
    Antheia logoAntheiaSeries C$56MJun 2025
    DataHub logoDataHubSeries B$35MMay 2025
    Alta Resource Technologies logoAlta Resource TechnologiesSeed$10MMay 2025
    ChEmpower logoChEmpowerSeries A$18.7MApr 2025
    GetReal logoGetRealSeries A$17.5MMar 2025
    Edera logoEderaSeries A$15MFeb 2025
    IONATE logoIONATESeries A—Feb 2025
    Moment Energy logoMoment EnergySeries A$15MJan 2025
    Page 1 of 5

    Top Co-Investors

    GV9 shared
    Y Combinator8 shared
    Khosla Ventures6 shared
    Founders Fund6 shared
    Intel Capital6 shared
    Ballistic Ventures5 shared
    Main Sequence5 shared
    Lockheed Martin Ventures5 shared
    AirTree5 shared
    Hercules Capital, Inc.5 shared
    Redpoint Ventures4 shared
    Long Journey Ventures4 shared
    Breakthrough Energy Ventures4 shared
    Canaan Partners4 shared
    Decibel4 shared
    Accel4 shared
    ARCH Venture Partners4 shared
    Industrious Ventures3 shared
    Draper Associates3 shared
    Bessemer Venture Partners3 shared

    Last updated: 9 September 2026