In-Q-Tel (IQT), formerly Peleus and In-Q-It, is an American not-for-profit venture capital firm based in Arlington, Virginia. It invests in high-tech companies to keep the Central Intelligence Agency, and other intelligence agencies, equipped with the latest in information technology in support of United States intelligence capability. The name "In-Q-Tel" is an intentional reference to Q, the fictional inventor who supplies technology to James Bond. In-Q-Tel has stated that the average dollar invested by In-Q-Tel in 2016 attracts fifteen dollars from other investors. History Originally named Peleus and known as In-Q-It, In-Q-Tel was founded by Norm Augustine, a former CEO of Lockheed Martin, and by Gilman Louie, who was In-Q-Tel's first CEO. In-Q-Tel's mission is to identify and invest in companies developing cutting-edge technologies that serve United States national security interests. According to the Washington post, In-Q-Tel started as the idea of then CIA director George Tenet. Congress approved funding for In-Q-Tel, which was increased in later years. Origins of the corporation can also be traced to Ruth A. David, who headed the Central Intelligence Agency Directorate of Science & Technology in the 1990s and promoted the importance of rapidly advancing information technology for the CIA. In-Q-Tel now engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the CIA, DIA, NGA, and the wider intelligence community. In-Q-Tel concentrates on three broad commercial technology areas: software, infrastructure and materials sciences. Former CIA director George Tenet says, We [the CIA] decided to use our limited dollars to leverage technology developed elsewhere. In 1999 we chartered ... In-Q-Tel. ... While we pay the bills, In-Q-Tel is independent of CIA. CIA identifies pressing problems, and In-Q-Tel provides the technology to address them. The In-Q-Tel alliance has put the Agency back at the leading edge of technology ... This ... collaboration ... enabled CIA to take advantage of the technology that Las Vegas uses to identify corrupt card players and apply it to link analysis for terrorists [cf. the parallel data-mining effort by the SOCOM-DIA operation Able Danger], and to adapt the technology that online booksellers use and convert it to scour millions of pages of documents looking for unexpected results. In-Q-Tel sold 5,636 shares of Google, worth over US$2.2 million, on November 15, 2005. The shares were a result of Google's acquisition of Keyhole, Inc, the CIA-funded satellite mapping software now known as Google Earth. In August