About Magnet Forensics
Magnet Forensics is a company based in Waterloo (Canada) founded in 2009 was acquired by Thoma Bravo in January 2023.. Magnet Forensics has completed 4 acquisitions, including Comae Technologies, DME Forensics and Griffeye. Magnet Forensics offers products and services including Magnet Axiom, Magnet Graykey, Magnet Automate, Magnet Review, and Magnet Outrider. Magnet Forensics operates in a competitive market with competitors including Flock Safety, Demisto, Binalyze, Siren and Patriot1 Tech, among others.
- Headquarter Waterloo, Canada
- Stage Public
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Sectors
Government & Social SectorProfessional & Legal Services Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Thoma Bravo
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Comae Technologies
& 3 more
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Acquired by
Thoma Bravo
(Jan 20, 2023)
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Products & Services of Magnet Forensics
Magnet Forensics offers a comprehensive portfolio of products and services, including Magnet Axiom, Magnet Graykey, Magnet Automate, Magnet Review, and Magnet Outrider. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Recovers and analyzes digital evidence for investigations.
Accesses and extracts data from mobile devices securely.
Automates tools and tasks in digital forensics labs.
Analyzes digital evidence through a web browser interface.
Previews devices for illicit content and apps quickly.
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Software Development Team
83 people
Sales and Marketing
36 people
Leadership Team
32 people
Senior Team
20 people
Operations Team
15 people
Solutions Team
12 people
Product Management Team
11 people
Human Resources and Administration
11 people
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Funding Insights of Magnet Forensics
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Series A - Magnet Forensics | Valuation |
investors |
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| Apr, 2014 | Amount | Seed - Magnet Forensics | Valuation | Accelerator Centre |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magnet Forensics
Magnet Forensics has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Thoma Bravo, In-Q-Tel and Accelerator Centre. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm
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Founded Year | Domain | Location | |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location | |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magnet Forensics
Magnet Forensics has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Comae Technologies, DME Forensics and Griffeye. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud workloads are protected through breach detection and threat intelligence.
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2016 | ||||
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Digital media intelligence is delivered for image and video processing.
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2015 | ||||
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Digital forensics software is provided for nontechnical investigators.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magnet Forensics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magnet Forensics Comparisons
Competitors of Magnet Forensics
Magnet Forensics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flock Safety, Demisto, Binalyze, Siren and Patriot1 Tech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Public safety is managed via cloud-based vehicle surveillance systems.
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| domain | founded_year | HQ Location |
Automated incident response & forensics platform solution
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| domain | founded_year | HQ Location |
Automated digital forensics and incident response platform software is developed.
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| domain | founded_year | HQ Location |
Siren is recognized as a search-based investigative intelligence platform.
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| domain | founded_year | HQ Location |
Weapon detection is enabled by an online public safety platform.
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| domain | founded_year | HQ Location |
Forensics and investigation tools for cryptocurrencies
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magnet Forensics
Frequently Asked Questions about Magnet Forensics
When was Magnet Forensics founded?
Magnet Forensics was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is Magnet Forensics located?
Magnet Forensics is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
What does Magnet Forensics do?
Magnet Forensics was founded in 2009 in Waterloo, Canada, and operates in the digital forensics sector. Software is provided to law enforcement agencies, governments, and military organizations for recovering evidence such as instant messages, social media activity, and web history to aid investigations and case building. Tools are offered for acquiring forensic images from iOS and Android devices, hard drives, and removable media.
Who are the top competitors of Magnet Forensics?
Magnet Forensics's top competitors include Flock Safety, Demisto and Siren.
What products or services does Magnet Forensics offer?
Magnet Forensics offers Magnet Axiom, Magnet Graykey, Magnet Automate, Magnet Review, and Magnet Outrider.
How many acquisitions has Magnet Forensics made?
Magnet Forensics has made 4 acquisitions, including Comae Technologies, DME Forensics, and Griffeye.
Who are Magnet Forensics's investors?
Magnet Forensics has 3 investors. Key investors include Thoma Bravo, In-Q-Tel, and Accelerator Centre.
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