CIA invests in California startup Zaplet - TheStreet

In-Q-Tel, the VC arm of the CIA, has recently invested in the Redwood Shores, California-based startup Zaplet. The CIA also intends to buy licenses for Zaplet technology in the future.

Zaplet develops a platform called the Zaplet Appmail Suite, for the transfer and exchange of messages and applications inside the organization, to enhance its efficiency and productivity.

The company was founded in 1999 by Brian Axe and Alan E. Baratz, following incubation at Reactivity, the technology accelerator. In July of 2000, Baratz, former president of the Software Products & Platforms Division at Sun Microsystems (Nasdaq:SUNW), was appointed Zaplet CEO.

In October of 2000 the company completed a $90 million funding round, led by world leading VC fund Kleiner Perkins Caufield & Byers.

In-Q-Tel was founded in order to provide the CIA access to the market of smart technologies. The company invests in emerging technologies, especially in the fields of data security, data storage, and search and data engines, all tailored to CIA needs.

In-Q-Tel has so far invested in ten companies.