SigOpt Enters Strategic Investment Agreement with In-Q-Tel
Today, we’re happy to announce a strategic investment and technology development agreement with In-Q-Tel (IQT).
IQT is a non-profit, strategic investor that helps accelerate the development and delivery of cutting-edge technologies to U.S. government agencies that keep our nation safe. Established in 1999, IQT has the goal of identifying and partnering with startups that are developing innovative technologies that can better protect and preserve the United States’ security. We’re proud to partner with IQT to bring SigOpt’s optimization-as-a-service solution to our nation’s government agencies.
As we look to provide researchers and data scientists across several industries with access to SigOpt, our agreement with IQT will enable the U.S. intelligence community to securely utilize SigOpt’s optimization platform.
Mike Ferrari, Principal, Investments at IQT, said, “SigOpt’s hyperparameter tuning capabilities will not only provide agencies within the U.S. Intelligence Community with the necessary optimization methods to vastly improve their machine learning models, but also allow them to free up time and resources for other important national security projects. IQT is thrilled to have formed this agreement with SigOpt and is looking forward to witnessing firsthand the benefits SigOpt will provide to users.”
As organizations continue to use increasingly sophisticated AI and machine learning solutions, the ability to optimize these models becomes more imperative. Thanks to IQT, our ensemble of optimization techniques that work behind a simplistic API will allow experts among IQT’s partner agencies to uncover the benefits of fine-tuning their models in a more efficient manner.
We are excited to be a part of the IQT portfolio and are looking forward to expanding our relationship with the organization and its government partners.