Why In-Q-Tel investment is a ‘stamp of approval’ for enterprise startups
Summary
It’s a similar story to Huddle, the cloud collaboration startup that had just closed a sizable funding round when In-Q-Tel offered to invest. “In-Q-Tel is a great stamp of approval on any company, and opens up a huge market,” said Alistair Mitchell, Huddle’s CEO, in an interview. As a direct result of the In-Q-Tel investment, Huddle gained two large customers: the Department of Homeland Security and the National Geospatial-Intelligence Agency. “Much of the touch-screen technology used now in iPads and other things came out of various companies that In-Q-Tel identified,” said Jeffrey Smith, the former general counsel of the CIA, in a rare interview with NPR. According to Mitchell, Huddle won new clients in the health and financial sectors, who viewed the In-Q-Tel investment as proof the product was sufficiently “vetted and accepted by the best.” When pressed, Apigee wouldn’t reveal much about its relationship with In-Q-Tel, or the amount of funding it received.
Classifications
AskAI Classifications
LabelsLinked Companies
