Sunday, February 14, 2016

CIA's investment firm backs Philly's Connectify

But they won't say how much money they invested in the wireless-networking software maker, because they're the CIA

CIA's investment firm backs Philly's Connectify

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Center City-based Connectify, a 15-person wireless-networking software company founded by CEO Alex Gizis (Penn '95), says it has received an investment from In-Q-Tel, a 12-year-old Virginia-based nonprofit that says it helps finance "innovative technology solutions to support the missions of the Central Intelligence Agency and broader U.S. Intelligence Community."

Connectify claims "millions of downloads" by business users and college students for its $30 software that can "transform (a) PC into a Wi-Fi hotspot at the click-of-a-button." The money will go to develop a more "powerful and secure remote networking platform" and a connection-aggregation system.

How many taxpayer dollars did the spooks invest in Connectify? That's a secret: "We'd love to be able to announce the specific numbers," but In-Q-Tel won't let them tell us, Connectify marketing and social-media chief Raj Haldar told me. In-Q-Tel's spokeswoman wasn't immediately available.

In-Q-Tel counts Keyhole, the satellite-mapping data company now known as Google Earth, among its earlier investments.

r innovative technology solutions to support 

the missions of the Central Intelligence Agency and broader U.S. 

Intelligence Communityhelps innovative technology solutions to support the missions of the Central Intelligence Agency and broader U.S. Intelligence Community
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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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