PeakEquity Partners’ seventh software investment; over $380 million of fund & co-investor equity invested since inception.
PeakEquity Partners (“PeakEquity”), a software focused private equity firm, announced that it led an investment in Grayshift (the “Company”). Based in Atlanta, Grayshift is a leading provider of mobile device digital forensics, specializing in access and extraction.
“This investment validates Grayshift’s innovation and how we are transforming this industry,” said David Miles, co-founder and CEO of Grayshift. “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.”
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. Justin Reger, Jim Sheward and Brian Nejmeh with PeakEquity Partners and Tom Noonan, Chairman of TEN Holdings and founding partner at TechOperators, will work with Grayshift’s management team at the Board level.
According to Miles, “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.”
“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.”
Grayshift delivers robust access and extraction capabilities for locked and encrypted mobile devices. A trusted partner to law enforcement and government investigative agencies, Grayshift enables lawful, same-day access to solve more crimes in less time. Key features and benefits of the GrayKey solution include:
SPEED – Same day extractions from locked iOS devices
ACCESS – Most comprehensive iOS device support
DEPTH – Extract the full contents from iOS devices
CONTROL – Maintain evidence chain of custody
The Grayshift transaction represents PeakEquity Partners’ seventh investment in a subscription-based, recurring revenue software business. Since inception, PeakEquity Partners has led transactions totaling over $380 million of fund and co-investor equity.