In-Q-Tel invests in Convera

Convera Corp. has landed a $1.5 million investment from In-Q-Tel Inc., the CIA-funded, private venture capital group. Convera develops search, retrieval and categorization software for enterprises and government agencies.

The company will use the money to enhance its products to address critical IT challenges facing the intelligence community, officials said. The products Convera develops will be made available over the next six months and are broadly applicable to intelligence agencies as well as state and local governments implementing centers for homeland security, according to the two companies.

Convera's government business has grown 28 percent over the last year, according to the company. More than 200 government customers, including the FBI, Customs Service and the departments of Justice, Defense and State, use its search technology.

In-Q-Tel's mission is to identify and invest in companies developing cutting-edge information technologies that serve U.S. national security interests.

 

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