Central Intelligence Agency (CIA) venture capital unit In-Q-Tel t...
Central Intelligence Agency (CIA) venture capital unit In-Q-Tel tapped ex-U.S. cyber czar Amit Yoran as CEO. Yoran, in recent years a security consultant, took over Tues. from Gilman Louie, In-Q-Tel CEO since its 1999 launch. In-Q-Tel has backed nearly…
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90 firms, delivering 100-plus technology solutions to the intelligence community, the group said. Its venture model provides an agility absent from traditional govt. contracting, it said. In-Q-Tel puts $1-$3 million into ventures, focusing on software, infrastructure and physical and biological materials, especially search, categorization, IT security, wireless technology and application integration. For the past year, Yoran has been advising emerging security technology firms and helping larger firms with security. In 2003, he was named dir. of the National Cyber Security Div. at the Homeland Security Dept., resigning a year later. He co-founded Riptech, a venture-backed network security firm acquired by Symantec in 2002 for $145 million. At Symantec, Yoran was vp-worldwide managed security services. Earlier in his career, he oversaw the vulnerability assessment program at U.S. Computer Emergency Response Team. Yoran is on the board of several firms, including Trust Digital, Guidance Software and Guardium. U.S. innovation is fueled by venture capital and In-Q-Tel is “the critical link between emerging technology and the vital national security demands of intelligence,” Yoran said: “Now more than ever, we must deliver the tools that the men and women of the intelligence community need to protect our country at home and around the world.” Louie called Yoran a “perfect fit,” citing his savvy with security and technology. Gilman will stay on a while at In-Q-Tel to ensure a smooth transition. He plans to start a new venture capital firm in the San Francisco area.