– USA, GA – Grayshift, LLC, a leading provider of mobile device digital forensics, specializing in access and extraction, today announced it has raised a $47 million Series A financing round led by PeakEquity Partners.
Jim Sheward and Justin Reger with PeakEquity Partners and Tom Noonan, Chairman of TEN Holdings and founding partner at TechOperators, will join the Board of Directors.
“Digital forensics is a growing, complex market with highly-nuanced and technical challenges,” said Justin Reger, Partner with PeakEquity Partners. “Grayshift addresses these challenges head-on and raises the standard by which these technologies are measured. Grayshift delivers one of the fastest, most reliable solutions, and strives to operate with the highest integrity. PeakEquity is excited to help fuel its impressive growth and mission to aid in creating safer communities.”
This minority investment will help Grayshift accelerate sales and marketing initiatives, grow the research and engineering teams, expand product offerings, and increase global awareness of its flagship GrayKey solution.
“This investment validates Grayshift’s innovation and how we are transforming this industry,” said co-founder and CEO, David Miles. “In addition to doubling revenues, customer adoption, and employee growth over the past year, I’m especially proud that we’ve built a successful digital forensics solution that provides lawful access during the course of criminal investigations.”
Miles added, “The digital forensics industry is ripe for innovation. The prevalence of mobile devices combined with advancements in modern encryption are creating an unyielding demand and urgency in the race to solve crimes. At Grayshift, we have the courage to develop solutions that empower law enforcement to safeguard and protect our communities.”
“One of the primary reasons we invested in Grayshift is because they are aimed squarely at solving one of the biggest challenges in digital forensics,” added Tom Noonan. “We continue to be impressed by Grayshift’s ability to build innovative solutions that meet a critical need and are impactful to both law enforcement and public safety. Today’s new reality requires creative thinking about digital forensics, and that’s exactly what Grayshift brings.”
About PeakEquity Partners
PeakEquity Partners is a private equity firm focused on investments in software companies. The principals of PeakEquity Partners have extensive experience as investors and operating executives in multiple market sectors. The firm invests in businesses that have large addressable markets, market-tested technology, products, and offerings, and demonstrated traction with a meaningful base of reference-able customers. The firm leverages and provides access to operating resources to help provide companies an edge in capturing market segment leadership and achieving revenue growth and margin objectives.
For more information: https://peakequity.com/
About Grayshift
Grayshift is a leading provider of mobile device digital forensics, specializing in access and extraction. Grayshift solutions are purpose-built to help law enforcement and government investigative agencies swiftly resolve critical investigations and ensure public safety. The company’s innovative GrayKey technology provides same-day access, complete control, and comprehensive data extraction from mobile devices. Designed and assembled in the United States, GrayKey is trusted by 1000 agencies across more than 25 countries globally.
For more information: https://www.grayshift.com/
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