Loading...
post-template-default single single-post postid-13577 single-format-standard

CoreStreet Ltd. Quiet about CIA-Backed Funding

Alex Constantine - March 26, 2008

March 25, 2008
Mass High Tech: The Journal of New England Technology

The Insider: ASU's Crow leads CIA venture capital arm [03/07/2008]
Abraxas names former CIA official to advisers group [02/04/2008]
Former security chief, CIA director stump for McCain in Florida [01/25/2008]

Polychromix pulls in funding from CIA venture arm [10/01/2007]

logo corestreet - CoreStreet Ltd. Quiet about CIA-Backed FundingCoreStreet Ltd. has landed an investment from the CIA's venture arm, In-Q-Tel, officials report.

The investment agreement will support the development of smart-card security technology, including electronic locks. Terms of the deal were not disclosed.

Last year, In-Q-Tel invested in two Massachusetts companies. In October, it invested in Polychromix Inc., a Wilmington company that develops a handheld device to analyze materials. And in July, In-Q-Tel was part of a $15 million venture round for StreamBase Systems Inc., a Lexington data analytics software maker.

In 2004, Cambridge-based CoreStreet won a patent for its technology enabling the validation of credentials across a distributed infrastructure. The patent was its 15th. Most of those patents are based on the work of MIT professor and CoreStreet co-founder Silvio Micali.

Founded in 1999, Virginia-based In-Q-Tel is a nonprofit agency that invests in companies specializing in technologies that include communications systems and nanotechnology for use by U.S. intelligence agencies, such as the U.S. Central Intelligence Agency. In-Q-Tel also has an office in Boston, and has invested in Cambridge-based BBN Technologies.

http://www.bizjournals.com/masshightech/stories/2008/03/24/daily16.html

3 comments.

  1. I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

  2. A formidable share, I simply given this onto a colleague who was doing somewhat evaluation on this. And he in reality bought me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading extra on this topic. If potential, as you grow to be experience, would you mind updating your weblog with extra details? It’s extremely helpful for me. Huge thumb up for this blog post!

Comments are closed.