CoreStreet Ltd. Quiet about CIA-Backed Funding

CoreStreet Ltd. Quiet about CIA-Backed Funding

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

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.

Leave a Reply

Be the First to Comment!

Notify of