+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

14 cutting edge tech firms funded by the CIA

Sep 22, 2016, 02:25 IST

Advertisement
Larry Downing/REUTERS

The Central Intelligence Agency has its own investment capital arm, and it's been pumping money into some of Silicon Valley's most innovative companies for years.

In-Q-Tel (named after "Q" in the James Bond films) invests in companies that can deliver useful technology to the intelligence community within 36 months. But since it's structured as an independent, non-profit organization, it's rather unique: It's a VC firm that doesn't really need to make money back for outside investors, and it can tap into the deep pockets of the intelligence "black budget."

Its involvement in a startup is also a stamp-of-approval of sorts, often bringing in more money from other VC firms, to the tune of $11-$15 for every dollar the CIA kicks in. In-Q-Tel typically does not disclose the amount it invests, thought a Washington Post story from 2005 says the funding is often relatively small $500,000 to $2 million investments.

Here are some of the cutting edge companies the CIA has found useful.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article