IQT Partners with NetBase to Enhance Insight Discovery of Scientific, Technical, Engineering, and Business Related Data
MOUNTAIN VIEW, Calif.—September 28, 2011—NetBase, the Insight Discovery Company, today announced a strategic partnership with In-Q-Tel (IQT), the independent investment firm that identifies innovative technology solutions to support the mission of the U.S. Intelligence Community.
NetBase’s patent-pending lenses focus searches by organizing the patterns detected by a highly accurate and scalable semantic search engine in the context of a specific set of questions relevant to a discipline or audience of researchers. This technology streamlines the scientific, technical, engineering, and business insight discovery and research process. The deployment of NetBase’s software as a service is expected to integrate tightly with existing U.S. Intelligence Community search technologies, adding a layer of insight not currently available to end users.
“We are excited to partner with In-Q-Tel and to work together to meet the critical technology needs of the U.S. Intelligence Community,” said Peter Caswell, CEO, NetBase. “The high standard of quality required by IQT’s customer agencies acknowledges the depth and accuracy of NetBase’s semantic search capabilities.”
“NetBase is an important addition to our strategic investment portfolio, expanding the semantic search technology capabilities available to our customers in the U.S. Intelligence Community,” said T.J. Rylander, Partner on the Investments team at IQT. “We are impressed by the capacity of the technology to enhance users’ ability gain deep insight from volumes of unstructured data. In a ‘Big Data’ world, these capabilities have strong applications in both the public and private sectors.”
NetBase provides insight discovery tools that are changing the way people search. Its next-generation semantic technology reads sentences to surface insights from billions of sources in public and private online information. Patent-pending lenses provide context for search results and intelligently guide users to answers. NetBase solutions are assisting market researchers at Fortune 1,000 companies and market research firm with social media analysis and enabling science, technology and medical (STM) publishers to enrich their documents for researchers. Developed in partnership with five of the top ten consumer packaged goods companies, including Coca-Cola and Kraft, and used by two of the top three STM publishers, including Elsevier, NetBase helps find answers faster. Based in the heart of Silicon Valley, NetBase is a privately held company. For more information, visit: www.netbase.com.
In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community’s critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.