14 Cutting Edge Firms Funded By The CIA
‘The CIA has its own investment capital firm called “In-Q-Tel,” and it’s been funding innovative tech firms for years. This is both good news and bad. One the one hand, it allows the CIA to invest in technologies they deem useful for the intelligence community; however, some of these technologies are a little creepy when it comes to personal space and privacy.
In-Q-Tel has the ability to reach deep into the pockets of the U.S. government’s Black Budget, which is pretty hefty given that the Washington Post reported that a staggering $52.6 billion was set aside for Black Budget operations in fiscal year 2013. If you’re unfamiliar with the Black Budget program, that’s not very surprising; the entire point of the program is to keep these funds and the programs within it top secret.
Though these investments are much smaller than the total Black Budget spendings, amounting from somewhere between $500K and $2 million per investment as per a 2005 story in Washington Post, they’re still strategic contributions made in hopes of using the technology in the future.’
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