Inside the CIA’s Venture Capital Business

By: Matt Egan / FOXBusiness

Last week, Americans were shocked to learn about the U.S. intelligence community’s telephone and Internet surveillance activities. However, investors may also be surprised to learn that same agency operates a formidable venture-capital arm that aims to give the CIA and other spy agencies first dibs on the hottest gadgets and software.

Founded in 1999 as a way for the U.S. to keep up with the rapid innovation in science and technology, In-Q-Tel has been an early backer of start-ups later acquired by Google, Oracle , IBM and Lockheed Martin.

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