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Magnet Forensics
Cybersecurity / Digital Forensics

Magnet Forensics Company Overview

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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
product·2025-10-14
Magnet Forensics Launches AXIOM 8.0 with AI-Assisted Triage
Magnet Forensics released AXIOM 8.0 featuring an AI-powered evidence triage engine that automatically categorizes and prioritizes digital artifacts, reducing investigator review time by up to 40% on large-scale cases.
product·2025-08-05
GRAYKEY Expands Support to Android 15 Devices
Magnet Forensics announced that GRAYKEY now supports full extraction from a broad range of Android 15 devices, adding to its existing iOS capabilities and making it the most comprehensive mobile extraction solution for law enforcement globally.
award·2025-06-18
Magnet Forensics Wins 2025 SC Media Award for Best Forensics Solution
SC Media recognized Magnet Forensics with its Best Digital Forensics Solution award for the fourth consecutive year, citing AXIOM Cyber's expanded cloud investigation capabilities and enterprise incident response workflow improvements.
partnership·2025-05-22
Magnet Forensics Partners with Cellebrite on Joint Law Enforcement Solution
Magnet Forensics and Cellebrite announced a technology partnership to enable seamless data interoperability between UFED and AXIOM platforms, allowing agencies to use both tools in a unified investigation workflow.
partnership·2025-04-30
Magnet Forensics Expands Federal Government Presence with New DoD Contract
Magnet Forensics secured a multi-year contract with the US Department of Defense to deploy AXIOM Cyber across classified and unclassified investigative units, strengthening its position in the federal DFIR market.
Company History
10 milestones
Jad Saliba, a former Ontario Provincial Police detective, founded Magnet Forensics in Waterloo after building an internal tool to recover internet evidence from suspects' computers that became widely requested by other agencies.

Magnet Forensics Organization Structure & Team

Org Chart
700 employees · Click a leader to explore their team
685 across 10 departments
Chief Executive Officer
Adam Belsher
James Connell — Departments
· 685 people across 10 depts

Magnet Forensics Financials, Revenue & Market Share

Annual Revenue
$100M
+18% vs prior year
YoY Growth
+18%
From $61M to $100M
Revenue / Employee
$143K
Annual revenue per full-time employee
Revenue Growth
2021
2022
2023
2024
$61M
$75M
$85M
$100M
Market Share
Digital Forensics & Incident Response Software
22%
share
Magnet Forensics
22%
Cellebrite
35%
OpenText EnCase
20%
Exterro
10%
Oxygen Forensics
8%
$12B
TAM
$3.2B
SAM
$600M
SOM
Revenue Streams
AXIOM Platform Subscriptions45%
GRAYKEY Hardware & Support30%
Government Multi-Year Contracts15%
Professional Services & Training10%
Business Units
Law Enforcement (AXIOM + GRAYKEY)70%
Digital forensics tools for law enforcement including mobile extraction, computer forensics, and evidence management.
Enterprise DFIR (AXIOM Cyber)20%
Incident response and threat hunting tools for enterprise security teams and managed detection providers.
Forensics Lab Automation10%
AUTOMATE and REVIEW platforms for high-volume evidence processing and collaborative case review.

Magnet Forensics Internal Tools & Processes

Internal Tools
10 departments
Engineering & Platform200 people · 3 roles
Standards & Certifications
10 standards
Compliance frameworks, security audits, and quality certifications this company maintains.
Security & Compliance
SOC 2 Type II
Certified
Annual SOC 2 Type II audit covering Security, Availability, and Confidentiality for AXIOM Cyber cloud infrastructure and SaaS evidence management services.
Security & Compliance
ISO 27001
Certified
Information Security Management System certification covering Magnet Forensics product development, cloud operations, and customer data handling practices.
Government
FedRAMP (In Process)
In Progress
Federal Risk and Authorization Management Program authorization in progress for AXIOM Cyber cloud, required for US federal agency deployments handling sensitive government investigation data.
Government
CJIS Compliance
Compliant
Criminal Justice Information Services Security Policy compliance, required for any software processing criminal investigation data within the US federal and state law enforcement ecosystem.
Privacy & Data
GDPR
Compliant
General Data Protection Regulation compliance for European law enforcement customers and corporate clients using AXIOM Cyber for investigations involving EU-resident personal data.
Privacy & Data
PIPEDA
Compliant
Compliance with Canada Personal Information Protection and Electronic Documents Act for Canadian law enforcement and corporate investigation customers.
Standards & Frameworks
NIST SP 800-86
Aligned
AXIOM methodology aligns with NIST SP 800-86 Guide to Integrating Forensic Techniques into Incident Response, the foundational US government standard for digital forensics practice.
Standards & Frameworks
ISO/IEC 27037
Aligned
Digital evidence identification, collection, acquisition, and preservation practices aligned with ISO/IEC 27037 international standard for digital evidence handling.
Government
DoD IL4 (In Process)
In Progress
Department of Defense Impact Level 4 authorization being pursued for GRAYKEY and AXIOM Cyber deployments within classified DoD investigative environments.
Accessibility
WCAG 2.1 AA
Compliant
Web Content Accessibility Guidelines 2.1 Level AA compliance across AXIOM Cyber and REVIEW web interfaces, supporting investigators with disabilities in government and enterprise environments.

Magnet Forensics Interview Preparation

Interview Prep
Role-specific interview questions and keywords. Select a department, then click any role to prepare.
Engineering & Platform· 3 roles

Magnet Forensics Products & Competitors

Product Suite
5 products · select one to explore
Cybersecurity / Digital Forensics
Magnet AXIOM
Complete digital investigation platform

An end-to-end digital forensics platform that acquires, processes, and analyzes evidence from computers, mobile devices, cloud services, and vehicles in a unified case management interface.

Use Cases
A police department using Magnet AXIOM to examine a suspect's Android device in a financial fraud investigation, recovering deleted banking app transaction screenshots, browser history showing fraudulent wire transfer portals, and chat logs coordinating the schemeA prosecutor using Magnet AXIOM artifact reports as court exhibits to demonstrate to a jury the timeline of a cyberstalking case, presenting a clear visual reconstruction of the defendant's online activity sourced from a forensically sound device examinationA digital forensics examiner using Magnet AXIOM to reconstruct activity across a seized laptop in a ransomware case, identifying the initial access vector through phishing email artifacts, lateral movement through Windows event logs, and ransomware execution timestamps
No image
Key Customers
FBI
FBI
RCM
Royal Canadian Mounted Police
MPS
Metropolitan Police (Scotland Yard)
KPM
KPMG Forensics
DEL
Deloitte Forensics
Competitive Intelligence
VSCellebrite UFED + Inspector
THEM

Cellebrite's two-tool combination of UFED for mobile extraction and Inspector for data analysis, requiring case merging when combining mobile and computer evidence

EDGE

AXIOM unifies mobile, computer, and cloud evidence in one case file vs. Cellebrite requiring separate UFED and Inspector tools with manual case merging

VSOpentext EnCase Forensic
THEM

OpenText's EnCase, the long-standing industry standard for computer forensics investigation, known for comprehensive disk analysis but a steep learning curve

EDGE

More intuitive UI reduces investigator training time from weeks to days vs. EnCase's steeper learning curve for complex case management

VSAccessData FTK
THEM

Exterro's Forensic Toolkit, a computer forensics platform offering disk imaging, email analysis, and registry examination for law enforcement and corporate investigations

EDGE

Comprehensive cloud artifact recovery for Google, Apple, and Microsoft services that FTK's cloud support still lacks breadth for

VSOxygen Forensic Detective
THEM

A software-based mobile and cloud forensics tool used by investigators to extract and analyze data from devices, cloud services, and drone storage

EDGE

Deeper Windows/macOS computer forensics alongside mobile evidence vs. Oxygen Forensics's primary focus on mobile extraction