Israeli digital forensics company Cellebrite on Monday announced that IGP Capital (Israel Growth Partners) signed a definitive agreement to invest $110 million in the company.
Since 2015, Cellebrite has been moving beyond its core mobile forensics offering and has redefined its strategy to make the company the leading vendor and consolidation platform in the digital intelligence space for law enforcement, government, and enterprise investigations.
“As we continue our growth journey in the Digital Intelligence market, we identified the need to add a strategic partner that will support our long-term vision and our commitment to our customers,” said Yossi Carmil, Global Co-CEO of Cellebrite. “We are pleased to announce that after careful consideration through a rigorous process we were able to successfully structure a long-term partnership with IGP.”
“IGP’s strategic decision is the ultimate recognition of our leadership position and validation of our vision and strategy in our core markets,” Carmil added. “This partnership will allow Cellebrite to accelerate our growth strategy – both organically and through acquisitions, creating significant value for our shareholders – Sun Corporation, IGP Capital and the employees of Cellebrite. We are confident that Cellebrite will benefit from IGP’s vast experience in the capital market, software analytics, M&As and the SAAS domain.”
Haim Shani, IGP’s Co–Founder and General Partner and Uri Erde, General Partner at IGP will join Cellebrite’s board of directors. “We have identified the expansive opportunity that Cellebrite has in the Digital Intelligence space,” said Haim Shani. “We were impressed by what Cellebrite’s management and employees have been able to build – a strong and committed global team, cutting edge technology, loyal global customer base, and a powerful value proposition along with commercial strength around the world.”
Also on Monday, Cellebrite announced an updated version of its Universal Forensics Extraction Device (UFED), a tool which the company claims can now unlock any iPhone ever made, as well as many Android smartphones.
According to the company, the new version of the UFED tool, called the UFED Premium, is “The only on-premise solution for law enforcement agencies to unlock and extract crucial mobile phone evidence from all iOS and high-end Android devices.”
The tool is claimed by Cellebrite to support a wide range of devices, includeing iPhones running on any version between iOS 7 and 12.3 as well as “high-running” Samsung Galaxy models from the S6 to the S9 series and popular models from the likes of Motorola, Huawei, LG and Xiaomi.
Cellebrite was reportedly the company the FBI used in 2016 to hack into the iPhone of the San Bernardino shooter after Apple refused the US government’s request to build a backdoor into its secure operating system.
[Additional sources: Techspot, Times of Israel]