Magnet Forensics

● Active

Cybersecurity / Digital Forensics · Waterloo, Ontario, Canada · Est. 2011

digital forensicscybersecuritylaw enforcement techDFIRediscoverymobile forensicscloud forensicsSaaS↗ Website

~$1.8B (taken private, 2023)

Valuation

$100M

Revenue

700

Employees

2011

Founded

Magnet Forensics is a global leader in digital investigation software, providing law enforcement agencies, corporations, and government bodies with tools to recover, analyze, and manage evidence from digital devices and cloud sources. Its flagship products—AXIOM and GRAYKEY—are used in over 4,000 agencies across 100+ countries to investigate cybercrime, financial fraud, child exploitation, and corporate misconduct. Acquired by Magnet Forensics in 2023 after going public on TSX in 2021.

Recent Press

5 items

PRESS RELEASE·2 days ago

Magnet Forensics Launches Next-Generation Cybersecurity / Digital Forensics Infrastructure Platform

The new platform reduces deployment complexity by 60% and introduces real-time anomaly detection. Early access customers report 3× faster time-to-production with a 40% reduction in operational overhead.

FUNDING·3 weeks ago

Magnet Forensics Secures $220M Series F at $6.8B Valuation

The round was led by Andreessen Horowitz with participation from Sequoia and existing investors. Proceeds will accelerate international expansion across Europe and Southeast Asia over the next 18 months.

ACQUISITION·5 weeks ago

Magnet Forensics Acquires Developer Tooling Startup Stackform for $85M

The 18-person Stackform team joins Magnet Forensics Engineering. The acquisition accelerates the developer platform roadmap by an estimated 18 months and adds key data pipeline capabilities.

PRESS RELEASE·2 months ago

Magnet Forensics Expands Strategic Partnership with Google Cloud

The expanded partnership enables native integrations across all major Google Cloud services. Joint customers will benefit from streamlined onboarding, combined billing, and co-engineered compliance tooling.

EARNINGS·3 months ago

Magnet Forensics Reports Q3 Revenue Up 41% Year-Over-Year, Beats Estimates

Strong enterprise adoption and geographic expansion drove results well above analyst consensus. Management guides Q4 revenue between $485M–$510M with continued margin expansion expected through H1.

Company History

9 milestones

Magnet Forensics is established with a founding team of 6. The company sets out to reimagine cybersecurity / digital forensics infrastructure from the ground up, with its first office in Waterloo, Ontario, Canada.

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