I believe I read an allegation that they were, but couldn't trace any support for it. Might be worth a few more checking into it.
"The company's friendly, if stagnant, website (www.in-q-tel.org) attempts to reinforce that image--at least it did until recently, when it was redesigned and it dropped the stylish group photo of In-Q-Tel's largely Gen-Xish staff clad in all-black slacks and turtlenecks.
"One of the young, hip people is 40-year-old Gilman Louie, whom the CIA recruited to serve as In-Q-Tel's president and CEO. Louie made his mark and presumably his fortune in the valley as the creator of the "flight simulator" video game Falcon. [emphasis mine]