Author: Jane Edwards|| Date Published: July 7, 2023
Nonprofit organization Silicon Valley Defense Group has named In-Q-Tel, the intelligence community’s venture capital arm, as the most active investor in top defense and national security startups.
IQT has invested in 34 companies included in SVDG’s inaugural list of top 100 defense and dual-use technology startups backed by venture capital firms.
“It’s encouraging to see more attention now being paid to VC-backed companies developing dual-use technologies, an area we at IQT have been focused on for more than two decades,” Steve Bowsher, president of IQT, said in a statement published Wednesday.
“During that time, we have developed unparalleled expertise in helping startups deliver vital capabilities to government partners,” added Bowsher.
SVDG also named IQT and Lockheed Martin’s (NYSE: LMT) venture arm as mission-focused funds that are “a natural fit for defense investing.”
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