In-Q-Tel invests in Infobionics
n-Q-Tel sees use for Infobionics application in intelligence and business worlds
- By Bob Brewin
- Sep 12, 2006
By Bob Brewin
Infobionics, a company which has patented method to organize, store and search structured and unstructured data and discover previously unknown patterns said it has received an investment from In-Q-Tel, the CIA-backed venture capital arm.
Infobionics said its cellular database management system (CDBMS) provides agility and flexibility for query intensive applications and helps perform quick and easy data analysis. Carl Bonta (cq), president of Infobionics said the company's technology allows users to search for unusual, unforeseen patterns and to identify what's missing.
Scott Yancey, president and chief executive officer of In-Q-Tel said Infobionics' technology has the potential to radically enhance data management applications across a wide range of industries.
Yancey added that In-Q-Tel continues to seek innovative technologies that address some of the most difficult challenges in commercial enterprises and the intelligence community. He said the Infobionics proprietary technology offers great promise for leading edge applications for customers in both of these markets.
Infobionics did not disclose the value of the investment from In-Q-Tel.