M&A

DataRobot gets investment from IC venture arm In-Q-Tel

Artificial intelligence and data science firm DataRobot has received an investment from intelligence community's venture capital arm In-Q-Tel in an effort to help agencies further adopt machine learning platforms.

Boston-based DataRobot's strategic development agreement with In-Q-Tel also seeks to apply existing data toward making faster decisions based on predictive analytics, both entities said Monday.

Companies in the banking, insurance and health care sectors use DataRobot's platform to forecast actions and make predictions through the use of open source machine learning algorithms. In-Q-Tel envisions the DataRobot platform as helping agencies overcome a shortage of data scientists in their ranks.

Started in 1999, In-Q-Tel is a nonprofit organization that partners with and makes investments in companies to further develop new technologies for potential usage in national security missions. In-Q-Tel works to identify and adapt the technologies for application across the intelligence community.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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