# In-Q-Tel: portfolio, investments and team

> In-Q-Tel is an accelerator based in United States. 271 investments on record, 38 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/iqt (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# In-Q-Tel

Last cheque observed Oct 2026; 271 cheques on record.

Email

Deploying now Accelerator

Seed Series A Series B AI/ML AR/VR Aerospace

Follow In-Q-Tel and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fiqt)

Deploying now

**100%** of best year **38** **cheques in 12 months**, 271 on record

Since the last cheque **7** days **00** hrs **00** min **00** sec

Median round **$20M** Cheque size, as they say **$100K – $8.0M** Rounds led **1 of 271** Sole investor **70 rounds** Exits **21 from the portfolio** Mostly in **United States, 68%**

Pitch In-Q-Tel

## In-Q-Tel highlights

- 01 38 cheques in the last 12 months
- 02 Mostly Venture and Series A: 62% of its rounds
- 03 Sole investor in 70 rounds, median $2.4M
- 04 21 exits from the portfolio

## What they do

- **Type:** Accelerator (from a list, unverified)
- **Cheque size:** $100K – $8.0M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** AI/ML AR/VR Aerospace
- **Based in:** Arlington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **271 appearances**

- **2026** 35 rounds
- **Oct** **[Warhound](https://millionrounds.com/company/warhound)** Seed · US · Google News search **$200M** With 14 others
- **Oct** **[Watchtower Labs](https://millionrounds.com/company/watchtower-labs)** Seed · US · Pulse 2.0 **$35M** With 3 others
- **Oct** **[Mueon Corp.](https://millionrounds.com/company/mueon-corp)** Series A · US · Pulse 2.0 **$65M** With 8 others
- **Oct** **[Reach Security](https://millionrounds.com/company/reach-security)** Series B · US · Cheyenne Ventures **$50M** With 4 others
- **Oct** **[Sensible Biotechnologies](https://millionrounds.com/company/sensible-biotechnologies)** Series A · SK · The Recursive **$47M** With 12 others
- **Oct** **[Armadin](https://millionrounds.com/company/armadin)** Series B · US · Leap Ventures **$256M** With 9 others
- **Sept** **[TERASi](https://millionrounds.com/company/terasi)** Seed · SE · Firms' own news pages **$13M** With 9 others
- **Sept** **[Prometheus Hyperscale](https://millionrounds.com/company/prometheus-hyperscale)** Venture · US **$30M** Sole investor
- **Sept** **[Cylake](https://millionrounds.com/company/cylake)** US **$245M** With 3 others
- **Aug** **[Emerald AI](https://millionrounds.com/company/emerald-ai)** Series A · US · QRM Capital **$150M** With 15 others
- **Jul** **[Emesent](https://millionrounds.com/company/emesent)** AU · Startup Daily **$15M** With 6 others
- **Jul** **[Ent](https://millionrounds.com/company/ent)** Seed · US · Ventureburn **$100M** With 7 others
- **Jun** **[Odyssey](https://millionrounds.com/company/odyssey)** Series B · US · Crunchbase News **$310M** With 11 others
- **Jun** **[Factorial Energy](https://millionrounds.com/company/factorial-energy)** US **$100M** Sole investor
- **Jun** **[Nebulock](https://millionrounds.com/company/nebulock)** Series A · US **$25M** With 3 others
- **May** **[QuantWare](https://millionrounds.com/company/quantware)** Series B · NL · Ventureburn **$178M** *Led*
- **May** **[Moment Energy](https://millionrounds.com/company/moment-energy)** Series B · US · TechCrunch **$40M** With 7 others
- **May** **[Diraq](https://millionrounds.com/company/diraq)** Grant · AU **$38M** With 2 others
- **Apr** **[Firestorm Labs](https://millionrounds.com/company/firestorm-labs)** Series B · US · TechCrunch **$82M** With 10 others
- **Apr** **[Syenta](https://millionrounds.com/company/syenta)** Series A · AU · TechStartups **$26M** With 8 others
- **Apr** **[Hermeus](https://millionrounds.com/company/hermeus)** US · TechCrunch **$350M** With 10 others
- **Apr** **[bit.bio](https://millionrounds.com/company/bit-bio)** Series C · GB **$19M** With 1 other
- **Apr** **[Sedai](https://millionrounds.com/company/sedai)** Venture · US **Undisclosed** With 4 others
- **Mar** **[Armadin](https://millionrounds.com/company/armadin)** Seed · TechCrunch **$190M** With 6 others
- **Mar** **[Science Corp](https://millionrounds.com/company/science-corp)** Series C · US · Crunchbase News **$230M** With 5 others
- **Mar** **[Cauldron Ferm](https://millionrounds.com/company/cauldron-ferm)** Series A · AU **$13M** With 3 others
- **Mar** **[Dropzone AI](https://millionrounds.com/company/dropzone-ai)** Venture · US **Undisclosed** With 2 others
- **Mar** **[Cortical Labs](https://millionrounds.com/company/cortical-labs)** Venture · SG **Undisclosed** With 3 others
- **Mar** **[Aira Technologies](https://millionrounds.com/company/aira-technologies)** Venture · US **Undisclosed** With 3 others
- **Mar** **[Atlas Data Storage](https://millionrounds.com/company/atlas-data-storage)** Venture · US **Undisclosed** With 2 others
- **Feb** **[Phoenix Tailings](https://millionrounds.com/company/phoenix-tailings)** Series B · US **$30M** With 3 others
- **Feb** **[STARK](https://millionrounds.com/company/stark)** Venture · DE **Undisclosed** With 3 others
- **Feb** **[Nucleus Security](https://millionrounds.com/company/nucleus-security)** Series C · US **$20M** With 1 other
- **Jan** **[Deepgram](https://millionrounds.com/company/deepgram)** Series C · US · TechCrunch **$130M** With 15 others
- **Jan** **[Anello Photonics](https://millionrounds.com/company/anello-photonics)** Grant · US **$20M** With 3 others
- **2025** 25 rounds
- **Nov** **[Sakana AI](https://millionrounds.com/company/sakana-ai)** Series B · JP · TechCrunch **$135M** With 7 others
- **Nov** **[Twenty](https://millionrounds.com/company/twenty)** Series A · US · Ventureburn **$38M** With 2 others
- **Nov** **[Synchron](https://millionrounds.com/company/synchron)** Series D · US · Startup Daily **$305M** With 13 others
- **Oct** **[Cloudburst Technologies](https://millionrounds.com/company/cloudburst-technologies)** Series A · Ventureburn **$7.0M** With 6 others
- **Oct** **[Cauldron Ferm](https://millionrounds.com/company/cauldron-ferm)** Venture · AU **Undisclosed** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **29** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**23** of 30 we have independently watched raise

[Archetype AI](https://millionrounds.com/company/archetype-ai)[Armadin](https://millionrounds.com/company/armadin)[Bifrost AI](https://millionrounds.com/company/bifrost-ai)[Cylake](https://millionrounds.com/company/cylake)[DefendEye](https://millionrounds.com/company/defendeye)[Ent](https://millionrounds.com/company/ent)[Eridu](https://millionrounds.com/company/eridu)[Firestorm](https://millionrounds.com/company/firestorm)[Fonontech](https://millionrounds.com/company/fonontech)[Harbinger Motors](https://millionrounds.com/company/harbinger)[Inertia](https://millionrounds.com/company/inertia)[Locus Lock](https://millionrounds.com/company/locus-lock)[Lyzr](https://millionrounds.com/company/lyzr)[Mariana Minerals](https://millionrounds.com/company/mariana-minerals)[Mueon](https://millionrounds.com/company/mueon)[Noble Gas Systems](https://millionrounds.com/company/noble-gas-systems)[Prometheus Hyperscale](https://millionrounds.com/company/prometheus-hyperscale)[QuantWare](https://millionrounds.com/company/quantware)[Sedai](https://millionrounds.com/company/sedai)[SkySafe](https://millionrounds.com/company/skysafe)[TERASi](https://millionrounds.com/company/terasi)[TRL11](https://millionrounds.com/company/trl11)[UFORCE](https://millionrounds.com/company/uforce) Atomic Tessellator BEI Edge Glimpse Kovr Odyssey Sygaldry

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **21 in all**

**[AI.Reverie](https://millionrounds.com/company/ai-reverie)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Oct 2021

**[Teradici](https://millionrounds.com/company/teradici)** Bought by Hp **Undisclosed** Oct 2021

**[Apigee](https://millionrounds.com/company/apigee)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$625M** Sept 2016

**[Cleversafe](https://millionrounds.com/company/cleversafe)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **$1.3B** Oct 2015

**[Elemental Technologies](https://millionrounds.com/company/elemental-technologies)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$500M** Sept 2015

**[AppThwack](https://millionrounds.com/company/appthwack)** Bought by [Amazon Web Services](https://millionrounds.com/fund/amazon-web-services) **Undisclosed** Jul 2015

**[Protonex Technology Corporation](https://millionrounds.com/company/protonex-technology-corporation)** Bought by Ballard Power Systems **$30M** Jun 2015

**[Visible Technologies](https://millionrounds.com/company/visible-technologies)** Bought by Cision **Undisclosed** Sept 2014

**[Goal Zero](https://millionrounds.com/company/goal-zero)** Bought by [NRG Energy](https://millionrounds.com/fund/nrg-energy) **Undisclosed** Aug 2014

**[Cloudant](https://millionrounds.com/company/cloudant)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Feb 2014

**[iMove](https://millionrounds.com/company/imove)** Bought by Immersive Ventures **Undisclosed** Jan 2014

**[FireEye](https://millionrounds.com/company/fireeye)** Listed **$304M** Sept 2013

**[StreamBase Systems](https://millionrounds.com/company/streambase-systems)** Bought by TIBCO Software Inc. **Undisclosed** Jun 2013

**[Pixim](https://millionrounds.com/company/pixim)** Bought by [Sony](https://millionrounds.com/fund/sony) **Undisclosed** Sept 2012

**[GeoIQ](https://millionrounds.com/company/geoiq)** Bought by Esri **Undisclosed** Jul 2012

**[MetaCarta](https://millionrounds.com/company/metacarta)** Bought by [Nokia](https://millionrounds.com/fund/nokia) **Undisclosed** Apr 2010

**[Forterra Systems](https://millionrounds.com/company/forterra-systems)** Bought by [SAIC](https://millionrounds.com/fund/saic) **Undisclosed** Feb 2010

**[Tacit Software](https://millionrounds.com/company/tacit-software)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **Undisclosed** Nov 2008

**[Network Chemistry](https://millionrounds.com/company/network-chemistry)** Bought by Aruba Networks **Undisclosed** May 2007

**[A4Vision](https://millionrounds.com/company/a4vision)** Bought by Bioscrypt **Undisclosed** Mar 2007

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$20M** the round, not its cheque Alone, median **$2.4M**

Led 1 of 271 rounds **0%**

- **Said size:** $100K – $8.0M
- **Sole investor:** 70 rounds
- **Last cheque:** Oct 2026
- **Exits:** 21 from the portfolio

Rounds by stage said on their site

- Venture *80*
- Series A said *53*
- Series B said *37*
- Series C *27*
- Seed said *19*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Intel Capital](https://millionrounds.com/fund/intel-capital) 13
- [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) 11
- [Accel](https://millionrounds.com/fund/accel) 11
- [Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) 10
- [Google Ventures](https://millionrounds.com/fund/gv) 9
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 8

**Pitching In-Q-Tel?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as In-Q-Tel. A count of rooms they were both in, not a relationship either has claimed.

[**Intel Capital** Corporate VC **13** rounds together](https://millionrounds.com/fund/intel-capital)[**ARCH Venture Partners** VC firm **11** rounds together](https://millionrounds.com/fund/arch-venture-partners)[**Accel** VC firm **11** rounds together](https://millionrounds.com/fund/accel)[**Main Sequence Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/main-sequence)[**Google Ventures** Corporate VC **9** rounds together](https://millionrounds.com/fund/gv)[**New Enterprise Associates** VC firm **8** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Greylock** VC firm **7** rounds together](https://millionrounds.com/fund/greylock-partners)[**Harris & Harris Group** Growth equity **7** rounds together](https://millionrounds.com/fund/harris-and-harris-group)[**Alumni Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Highland Capital Partners** VC firm **6** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Khosla Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Lux Capital** VC firm **6** rounds together](https://millionrounds.com/fund/lux-capital)

## Recently backed

The latest companies In-Q-Tel put money into.

[**Reach Security** $50M · Oct 2026](https://millionrounds.com/company/reach-security)[**Sensible Biotechnologies** $47M · Oct 2026](https://millionrounds.com/company/sensible-biotechnologies)[**TERASi** $13M · Sept 2026](https://millionrounds.com/company/terasi)[**Prometheus Hyperscale** $30M · Sept 2026](https://millionrounds.com/company/prometheus-hyperscale)[**Cylake** $245M · Sept 2026](https://millionrounds.com/company/cylake)[**Emerald AI** $150M · Aug 2026](https://millionrounds.com/company/emerald-ai)

## Mentioned on podcasts

Episodes that name In-Q-Tel in their description, not their title.

- [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 24 Sept 2026 · 20 min E 778, Isar Aerospace, ESA & Europe's Sovereignty Stack Mentions [In-Q-Tel](https://millionrounds.com/fund/iqt)[Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Apple PodcastsShow page
- [Fund/Build/Scale](https://millionrounds.com/podcasts/fund-build-scale) 12 Sept 2024 · 42 min Navigating the coming Series A crunch with Point72 Ventures' Sri Chandrasekar With [Sri Chandrasekar](https://millionrounds.com/person/sri-chandrasekar) Mentions [Point72 Ventures](https://millionrounds.com/fund/point72-ventures)[In-Q-Tel](https://millionrounds.com/fund/iqt) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 7 Dec 2023 · 43 min Earth Reimagined: Crafting a planet-scale digital twin with Blackshark.AI's Michael Putz | E1859 With [Michael Putz](https://millionrounds.com/person/michael-putz) Mentions [In-Q-Tel](https://millionrounds.com/fund/iqt) Apple PodcastsShow page
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 6 Oct 2020 · 36 min Charles Hudson of Precursor Ventures - Venture Unlocked 002 Mentions [Charles Hudson](https://millionrounds.com/fund/charles-hudson)[Google](https://millionrounds.com/fund/google-assistant-investments)[In-Q-Tel](https://millionrounds.com/fund/iqt) *+1* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 9 May 2016 · 28 min 20VC: Raising A Solo GP Fund & Why They Are So Prominent Today with Charles Hudson, Managing Partner @ Precursor Ventures Mentions [Charles Hudson](https://millionrounds.com/fund/charles-hudson)[Chris Sacca](https://millionrounds.com/fund/chris-sacca)[Google](https://millionrounds.com/fund/google-assistant-investments) *+1* Apple PodcastsShow page

## Quick answers about In-Q-Tel

### What does In-Q-Tel invest in?

In-Q-Tel invests most often at Venture and Series A (62% of the rounds on record), in sectors such as AI/ML, AR/VR and Aerospace.

### How active is In-Q-Tel?

271 investments on record, 38 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has In-Q-Tel invested in recently?

Its most recent investments on record: Warhound (Seed, Oct 2026), Watchtower Labs (Seed, Oct 2026) and Mueon Corp. (Series A, Oct 2026).

### How big are In-Q-Tel's cheques?

The median round it joins is $20M. It says it writes cheques of $100K to $8.0M.

### Does In-Q-Tel lead rounds?

Sometimes: it led 1 of its 271 investments on record (0%).

### Where does In-Q-Tel invest?

Most of the companies it backs are in the United States (68%) and Australia (13%).

### Is In-Q-Tel investing now?

Yes: it is actively investing, with 38 investments in the last 12 months.

### Who does In-Q-Tel invest alongside?

Most often Intel Capital (13 rounds together), ARCH Venture Partners (11 rounds together) and Accel (11 rounds together).

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