deals, VC, social media

Visible Technologies Inks In-Q-Tel Deal

Gregory T. Huang 10/19/09

Bellevue, WA-based Visible Technologies has formed a strategic partnership with In-Q-Tel, the investment firm run by the CIA. The deal includes a technology development agreement, but financial terms were not given. Visible makes software that helps companies and organizations monitor the social media landscape (and Web sentiment towards specific topics and brands), as well as manage their online reputations. Last week, Visible said it had raised an additional $2 million from existing investors, bringing its total funding to $23.5 million. The company also said it had achieved more than 60 percent year-over-year revenue growth, and signed up 24 Fortune 1000 customers in the third quarter of 2009, including Xerox and Autodesk.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.