Arlington, Va.-based In-Q-Tel (IQT), an independent, nonprofit strategic intelligence investor supported by the CIA, is investing in Oakland, Calif.-based Outlier, an automated business analysis platform that leverages artificial intelligence and machine learning algorithms to find unexpected changes in data. The financial terms of the deal were not disclosed.
— Outlier (@outlierai) May 14, 2019
This is another California partnership for the Northern Virginia-based it invested an undisclosed amount in San Francisco–based Lilt in December 2018. IQT’s investment in Outlier comes with a strategic partnership, that grants intelligence agencies access to Outlier’s platform to better understand data through automated analysis, the company said in a news release.
“Outlier’s platform takes a differentiated approach to leveraging artificial intelligence to surface unexpected patterns and changes in time-series data, which can enable agencies to make informed decisions more quickly,” Divya Sudhakar, principal of investments at IQT, said in a statement. “Outlier has proven a unique ability to provide high fidelity insights without requiring users to commit significant time and resources to analyze their data.”
Outlier’s artificial intelligence platform supports the operational requirements of U.S. government agencies for analysis of cloud-based and on-premise data sets, the news release states. The Oakland-based company launched the AI-powered platform last fall.
“Being chosen by IQT is a major milestone for Outlier and confirms the effectiveness of our Automated Business Analysis platform,” Sean Byrnes, cofounder and CEO of Outlier, said in the press release. “We expect this partnership and other government partnerships to address the need to analyze billions of data points daily and present stories that will help enhance national security.”-30-