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In-Q-Tel

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Investment thesis

IQT operates a mission-driven investment platform targeting frontier technologies that address national security and prosperity challenges. The firm leverages a distinctive model connecting advanced technology developers with government agencies and allies, including intelligence communities, defense departments, and space organizations, to deploy solutions that enhance security outcomes.

Source: firm website, verified Jul 17, 2026.

Founded
1999

Team · 10 people

from the firm's website
Steve Bowsher· CEO

CEO who sets and implements IQT's mission of identifying, evaluating, and leveraging emerging commercial technologies for the national security community. Previously served as Managing General Partner and Executive Vice President leading investment strategy since 2006. Has personally managed major portfolio relationships including Palantir, Anduril, Databricks, and MongoDB. Prior experience at InterWest Partners as General Partner, and earlier roles at E*TRADE.

A.J. Bertone· Executive Vice President, Investments

Executive Vice President of Investments who leads IQT's U.S. investment team in delivering emerging technologies to the national security community. Joined IQT in 2017 and is based in the Menlo Park office. Graduated from West Point with honors and holds an MBA from Harvard Business School.

Dan Gwak· Chief Investment Officer

Chief Investment Officer responsible for leading the investment team and setting investment strategy for delivering technology solutions to the national security community. Previously served as Managing Partner at Point72 Private Investments leading ventures, growth, and private equity strategies. Has worked at Credit Suisse and The Carlyle Group. Served as infantryman in the U.S. Marine Corps.

Dr. Jennifer Nelson· Executive Vice President, International

Executive Vice President of International operations who directs overseas investment activities and manages global expansion. Has spent nearly 15 years at IQT in various roles including Chief of Staff and Senior Vice President of Portfolio Success, where she managed technology transfer to the Intelligence Community. Joined IQT in 2009 and previously worked at IBM supporting public sector technology strategy.

Dr. Megan Anderson· Executive Vice President of Technology

Executive Vice President of Technology responsible for implementing strategic roadmap to deliver technical solutions across the national security community. Previously ran technology practices overseeing investments in artificial intelligence, analytics, infrastructure, cybersecurity, communications, materials, energy, sensors, and space. Served as Senior Scientist at Fluidigm Corporation in the biotechnology sector.

Dr. Zheng· EVP of Strategic Engagements

Executive Vice President of Strategic Engagements who aligns priorities across leadership, coordinates engagements across the U.S. government, and implements business strategies. Previously served as Chief of Staff and Vice President of Technology, leading investments in microelectronics, semiconductors, and quantum technologies. Prior experience at Booz Allen Hamilton advising DARPA on diverse technology areas and as IEEE congressional fellow in Senator Chris Coons' office.

Bruce Adams· Executive Vice President and General Counsel

Executive Vice President and General Counsel managing IQT's legal affairs. Previously served as partner at Arnold & Porter Kaye Scholer law firm. Holds a JD from Boston University and a BA from Swarthmore College.

Julianne Sobral· Chief of Staff

Chief of Staff who partners with the CEO and executive team to sharpen organizational priorities, accelerate decision-making, and drive cross-functional accountability across IQT's global operations. Previously served as Chief People Officer leading global HR, security, and administrative operations. Prior experience includes Chief Operating Officer at the Council on Foundations and roles in tech startups, media, and investment management.

Liz Fox· Product Marketing and Communications

Seasoned executive with over 20 years of experience in marketing communications, operations, and people management. Joined IQT in 2012 and initially oversaw administration, human resources, and recruitment before pivoting to the Product Marketing and Communications team. Prior experience includes Chief Operating Officer and Chief Marketing Officer at The Washington Group of Northwestern Mutual, and marketing leadership at McKinley Marketing Partners.

Matthew Strottman· Chief Operating Officer

Chief Operating Officer overseeing investment and portfolio analysis, plus corporate functions including finance, accounting, IT, human resources, and security. Joined IQT in 2003 and previously served as Executive Vice President and Chief Financial Officer. Prior experience at Friedman Billings Ramsey in technology investment banking and at PricewaterhouseCoopers.

Frequently asked questions

What sectors does In-Q-Tel focus on?
In-Q-Tel focuses on AI & Machine Learning, Deep Tech, Defense Tech, Sector Agnostic.

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