Portland company Tyfone wins backing from CIA's investment arm

Portland company Tyfone wins backing from CIA's investment arm

Portland-based mobile payments company Tyfone landed investment from In-Q-Tel, the CIA's venture capital group.

Tyfone designed technology to help provide secure authentication for online transactions, pairing hardware and software to establish verifiable digital identities. It plans to adapt technology developed for mobile phones to help ensure that secure government facilities and classified computer networks are open only to those entitled to access them.

The CIA launched In-Q-Tel (which borrows its middle initial from Q, the quartermaster who equips James Bond with outlandish gadgets) in 1999 to promote technologies with applications in the intelligence community. In-Q-Tel has previously invested in other Oregon tech companies, including network security company SignaCert and Portland video security company iMove.

Read more at OregonLive.com.

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