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In-Q-Tel

In-Q-Tel

Venture Capital

In-Q-Tel invests in technology companies to advance capabilities for the United States intelligence community and its allies.

Portfolio

8

companies


Portfolio companies

PS

Pragmatic Semiconductor

Pragmatic Semiconductor manufactures flexible integrated circuits that embed intelligence into everyday objects.

Vaarst

Vaarst

Vaarst provides cloud managed robotics and autonomy for marine industries.

Satellite Vu

Satellite Vu

Satellite Vu provides high-resolution thermal imaging from space to monitor global energy efficiency and economic activity.

Paragraf

Paragraf

Paragraf manufactures scalable graphene-based electronic devices.

Automata

Automata

Automata builds modular laboratory automation platforms for the life sciences sector.

Memgraph

Memgraph

Memgraph develops a streaming graph application platform for modern software developers.

MG

Mindtech Global

Mindtech Global builds synthetic data platforms to train artificial intelligence vision systems.

Red Sift

Red Sift

Red Sift provides a cognitive data platform for cloud-based email security and intelligent threat detection.


Team

Pete Tague

Pete Tague

Executive Vice President

Pete serves as managing partner at US Innovative Technology. He previously held leadership roles at In-Q-Tel and headed global mergers and acquisitions at Citi.

LinkedIn
NP

Nat Puffer

Managing Director

Nat brings deep tech investment experience, having previously held senior roles at In-Q-Tel following cybersecurity and technical consulting positions at firms including Symantec and Knowledge Consulting Group.

LinkedIn

Recent investments

Series C
£28.2M

The financing round was backed by investors including British Patient Capital and In-Q-Tel to support expansion plans.

"Pragmatic is another great example of a UK company which has developed and commercialised world-leading technology from a UK base. We are delighted to be investing in the further growth of this homegrown semiconductor manufacturing business via Future Fund: Breakthrough, our dedicated deeptech fund which is investing in some of the country's most innovative and dynamic businesses."
— Catherine Lewis La Torre, CEO
Series B
£15.3M

The Bristol based cloud robotics specialist raised the capital from backers including Legal & General Capital and Equinor Ventures to support its global growth plans.

"We’re delighted to have gained the support of some of the industry’s leading businesses and investors to help us execute on our vision – to change the way we conduct over the horizon robotic operations. In doing so, we will not only help the marine industries become safer and more profitable, but will make the investment case for the energy transition more attractive, accelerating the journey to net zero."
— Brian Allen, CEO
Seed
£20.0M

The second close of the Series A round was joined by participants including Lockheed Martin, In-Q-Tel, and Contrarian Ventures.

"We are thrilled to have raised further funding to propel our expansion into the US market. Our advanced thermal infrared camera will be able to offer unique, previously unseen insights into human activity and the full constellation will enable up to twenty revisits per day of a single location anywhere on the planet. The funding supports the development of new applications and enables closer collaboration on proof of concepts with our customers. This investment further demonstrates that our technology offers potential benefits for national security capabilities, and we look forward to building and expanding our relationship with partners overseas, particularly the US."
— Anthony Baker, CEO
Series B
£45.0M

The Series B round was led by New Science Ventures to support international growth and manufacturing expansion.

"Our increasing desire for continually improving electronic device performance paired with the absolute necessity to reduce our power requirements, and hence carbon footprints, demands new technology solutions – next generation materials will be at the heart of this. At Paragraf we are proud to be leading the way, bringing the first 2D material, graphene, into the electronic product supply chain, through our first products, allowing its transformational, game changing properties and benefits to be harnessed."
— Simon Thomas, CEO
Series B
£36.7M

The investment round was led by Octopus Ventures with participation from multiple returning and strategic backers.

"Automata’s robotic capabilities are truly the first of its kind and the company has combined this with deep expertise in automation and a highly effective business model which has created a leading-edge over competitors. Automata Labs accelerates human ingenuity, empowering labs, and scientists, to achieve consistent results faster, on a greater scale, and to ultimately upscale their ambitions. We are delighted to have led this financing round as Automata represented exactly the type of highly innovative company we invest in and support. We are excited for Automata’s next steps, both within the life sciences industry, and beyond."
— Jess McCreadie, Principal, Healthtech
Seed
£2.3M

The round was led by NPIF - Mercia Equity Finance with participation from Deeptech Labs and In-Q-Tel.

"Data scientists and machine learning engineers can spend up to 80 per cent of their time sourcing, cleaning and organizing training data. Our Chameleon platform solves this challenge. This round will enable us to open up our platform to even more customers in the US, Europe and Asia-Pacific, enabling them to build AI vision solutions that better understand the way humans interact with each other and the world around them."
— Steve Harris, CEO
Series A
£7.1M

The Series A round was led by MMC Ventures with participation from In-Q-Tel, White Star Capital, and Oxford Capital.

"As a long-standing service provider to the UK government, we’re committed to supporting its National Cyber Security Strategy initiatives. OnINBOX’s ability to help our employees differentiate between real emails and the latest in highly targeted and well-crafted phishing emails helps us to maintain our high-security standards."
— Ian Colcomb