Friday, November 26, 2010

Startups Backed By The CIA

The spy agency has a venture capital arm that is funding an array of companies developing bleeding-edge technologies.
The country's only federally funded venture capital firm was created in 1999, during the tech boom, because the private sector was setting the pace in technological innovation, leaving the intelligence community feeling not very intelligent. In-Q-Tel invests in startups developing technologies that could prove useful to the CIA and the national security community.
Kashmir Hill/Forbes
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