In-Q-Tel invests in CoreStreet

In-Q-Tel, the intelligence community's investment arm, is putting funds into a company that makes a new type of access control system.

The undisclosed amount is going to CoreStreet Ltd. of Cambridge, Mass. The company is developing card-connected technology for access systems. The technology uses cryptography to extend central access control to stand-alone doors and mobile locks, said Chris Broderick, chief executive officer at CoreStreet.

The electronic locks and physical-access control systems communicate by reading and writing digitally signed data to and from smart cards, the company said in a statement.

In-Q-Tel was founded by the CIA and is an independent strategic investment firm. It invests in technologies that have the potential to support national security and intelligence missions.

"CoreStreet is a critical addition to our strategic investment portfolio for security technologies," said Ben Levitan, a partner at In-Q-Tel.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.