In-Q-Tel

Venture capital firm
Tysons, Virginia, USAFounded 1999www.iqt.orgSee connections →

Not-for-profit strategic investor funding technology in space, biotech, microelectronics, and energy for the US intelligence and defense community.

At a glance

In-Q-Tel appears in 7 funding rounds tracked by ValueAddVC since 2026. Its most frequent sectors in these rounds are AI & Infrastructure and Cybersecurity, and its most recent tracked deal was Reach Security's $50M Series B round (Oct 13, 2026). It co-invests most often with Energy Impact Partners, Google Ventures (GV) and Lowercarbon Capital.

Strategy

Stages
SeedSeries ASeries B
Sectors
SpaceBiotechnologyMicroelectronicsEnergy
Geographies
USATysons, Virginia, USA
Check size
$500K-$10M

Recent changes

  1. Oct 13, 2026Invested in Reach Security (Series B, $50M) GlobeNewswire
  2. Oct 1, 2026Invested in Armadin (Series B, $255.5M) TechCrunch
  3. Sep 5, 2026Sectors updated: Space, Biotechnology, Microelectronics, Energy iqt.org
  4. Aug 25, 2026Follow-on: Invested in Emerald AI (Series A, $150M) Emerald AI
  5. Jun 17, 2026Invested in Odyssey (Series B, $310M) Odyssey
Earlier changes (3)
  1. Jun 16, 2026Invested in Ent.AI (Seed, $100M) SecurityWeek
  2. Apr 7, 2026Invested in Hermeus (Series C, $350M) TechCrunch
  3. Apr 1, 2026Invested in Emerald AI (Strategic, $25M) esgtoday.com

Portfolio

12 total

Recent Investment Activity

7

Track record: led 0 and participated in 7 of 7 tracked venture rounds · 7 in the last 12 months

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 13, 2026Reach SecuritySeries BParticipated$50M—
In-Q-TelThe SaaS News · unverifiedM12 (FKA Microsoft Ventures)The SaaS News · unverifiedTop Tier Capital PartnersBallistic Ventures
Pulse story
Oct 1, 2026ArmadinSeries BParticipated$255.5M$2.5B
Andreessen HorowitzLeadunverifiedAccelLeadunverifiedBain Capital VenturesunverifiedRedpoint Venturesunverified8VCunverifiedGoogle Ventures (GV)unverifiedIn-Q-TelunverifiedKleiner PerkinsunverifiedMenlo VenturesunverifiedBallistic Ventures
Pulse story
Aug 25, 2026Emerald AISeries AParticipated$150M$1.05 billionPulse story
Jun 17, 2026OdysseySeries BParticipated$310M$1.45BOdyssey
Jun 16, 2026Ent.AISeedParticipated$100M—SecurityWeek
Apr 7, 2026HermeusSeries CParticipated$350M—
Khosla VenturesunverifiedCanaan PartnersunverifiedFounders FundunverifiedBling CapitalunverifiedIn-Q-TelunverifiedPinegrove Venture PartnersunverifiedRTX VenturesSocium VenturesSVBHercules+1 more
TechCrunch
Apr 2026Emerald AIStrategicParticipated$25M—
Energy Impact PartnersunverifiedNVenturesunverifiedLowercarbon CapitalunverifiedAmplounverifiedIn-Q-TelunverifiedRadical VenturesunverifiedSalesforce VenturesunverifiedEatonGE VernovaSamsung VenturesSiemens
esgtoday.com

Sector / Stage Activity

By sector (portfolio)
Enterprise SaaS
2 · 17%
AI infra
2 · 17%
Cybersecurity
2 · 17%
Biotech
1 · 8%
Semiconductors
1 · 8%
Manufacturing
1 · 8%
Software
1 · 8%
Battery materials
1 · 8%
By stage (tracked rounds)
Series B
3 · 43%
Series A
1 · 14%
Seed
1 · 14%
Series C
1 · 14%
Strategic
1 · 14%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

In-Q-Tel FAQ

What companies has In-Q-Tel invested in?

In-Q-Tel's portfolio includes Emerald AI, Mueon Corporation, Reach Security, Armadin, Sila, Lyzr, and 6 more tracked companies.

Who does In-Q-Tel co-invest with most?

In the rounds Value Add tracks, In-Q-Tel most often invests alongside 8VC (2 shared deals), Google Ventures (GV) (2 shared deals), Accel (1 shared deal), Amazon (1 shared deal), AMD Ventures (1 shared deal).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction