The CIA has invested in Decru, a startup launched by Israeli businessmen, that is developing technology to secure networked data storage.

Decru, founded in Redwood City, California in 2001, secured $27 million venture financing from the U.S. spymasters, as well as Israeli and U.S.-based funds.

The company raised money from the CIA's In-Q-Tel fund, Benchmark Capital, Greylock, New Enterprise Associates , and Canon (NYSE:CAJ).

Decru is the brainchild of Israelis Dan Avida, former CEO and chairman of Electronics For Imaging (Nasdaq:EFII) and Serge Plotkin, a Computer Sciences professor at Stanford University. Both are graduates of Israeli army technology development units.

The company's product is designed for health-oriented enterprises and organizations.

If you liked this article you might like

Nessuah Zannex: Rating cut's main damage is to banks' images to foreigners

Nessuah Zannex: Rating cut's main damage is to banks' images to foreigners

Yes recruitment rate down to 6,000 a month

Yes recruitment rate down to 6,000 a month

Cadence to invest in Israeli startups

Cadence to invest in Israeli startups

Court grants Mentergy 40-day stay of proceedings

Court grants Mentergy 40-day stay of proceedings

Leader & Co sees Discount shifting to profit in Q3

Leader & Co sees Discount shifting to profit in Q3