# Grayshift

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grayshift

- Industry: Defence
- Headquarters: Atlanta, US
- Website: www.grayshift.com
- Total disclosed funding: $47M
- Latest round: Series A (Oct 26, 2020)
- Investors on record: 1

## About

Grayshift, LLC specializes in mobile device forensics, providing essential tools for law enforcement and security professionals to extract and analyze critical data from mobile devices.Founded in 2016 in Atlanta, US, Grayshift, LLC focuses on mobile device forensics. The company was established by Braden Thomas, Justin Fisher, and Sean Larsson. In July 2022, Grayshift raised USD 47.00 mn in a Series A funding round led by PeakEquity Partners, marking a significant milestone in its funding journey. This round represents the total amount raised by the company, highlighting its successful fundraising efforts. Grayshift has completed two deals to date, reflecting its growth trajectory.Grayshift is a leading provider of mobile device forensics tools, with a focus on delivering innovative solutions designed to assist law enforcement and security professionals in extracting and analyzing data from mobile devices. Their core offerings include Magnet GRAYKEY, Magnet VERAKEY, and Magnet ARTIFACT IQ, which enable users to retrieve data from a variety of smartphones and tablets, including those protected by advanced security measures. These products are engineered to facilitate investigations into criminal activity, enabling users to access critical evidence efficiently and effectively. Grayshift's client base primarily comprises government agencies, law enforcement organizations, and private sector security teams across various geographical markets, including North America, Europe, and Asia-Pacific, where the need for digital forensic capabilities continues to grow.Grayshift generates revenue through a structured business model that emphasizes B2B transactions with its clientele. Their products are typically sold through direct partnerships with law enforcement agencies and security firms, which often involve subscription-based pricing or one-time licensing fees for the software solutions offered. The flagship product, Magnet GRAYKEY, is often accompanied by tailored service agreements that may include training, technical support, and updates to ensure optimal performance. Pricing plans are structured to provide flexibility based on the scale of use and specific organizational needs, facilitating the adoption of these forensic tools across various sectors. Grayshift’s revenue streams are largely driven by the increasing demand for effective mobile data extraction solutions, reflecting the importance of digital evidence in contemporary investigations.Grayshift plans to leverage its recent funding from July 2022 to accelerate growth and innovation. The company aims to build its international team and expand product capabilities, with an eye toward making strategic acquisitions to enhance its market presence. Specific plans for market expansion include targeting new geographic regions, with an emphasis on increasing its footprint in Europe and Asia-Pacific by the end of 2023. This strategic direction is designed to capitalize on the growing demand for mobile forensics solutions and enhance the company’s service offerings.

## Funding rounds

- Series A, Oct 26, 2020, $47M — PeakEquity Partners

## Investors

- PeakEquity Partners (https://capitalatlas.ai/funds/peakequity-partners) — Series A