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$5.1m

Series B
Total Funding000k
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X1 Discovery, established in 2003 as X1 Technologies, Inc., operates as a key player in the eDiscovery and enterprise search market. The company was founded by John Patzakis, who brought extensive experience in eDiscovery, corporate compliance, and law. His background includes a decade at Guidance Software, where he was instrumental in its growth from a startup to a major enterprise software firm. This legal and technological expertise shaped X1's direction, focusing on creating tools to manage complex electronically stored information (ESI).

The firm provides software that enables organizations to find and act on data where it resides, whether on laptops, desktops, network file shares, or in the cloud. This service is crucial for legal, compliance, governance, and investigative purposes. X1 serves a broad client base, including Fortune 500 companies, large law firms, and government agencies, with over 600 enterprise customers and 500,000 active users. The business model has incorporated usage-based pricing, allowing clients to pay per case, which aligns with the purchasing habits of law firms and corporate legal departments. A significant milestone was the divestiture of its X1 Social Discovery solution in late 2023 to Pagefreezer, a strategic move to sharpen its focus on its core enterprise eDiscovery and compliance solutions.

X1's core offering is the X1 Enterprise Platform, which utilizes a proprietary "index-in-place" technology. This allows for rapid, federated search across vast, distributed datasets without needing to first collect or migrate the data to a central repository. The platform can search nearly 500 file types and integrates with major enterprise applications like Microsoft 365. A key benefit is the ability to perform early case assessments, providing visibility into responsive data and keyword statistics before collection, which can reduce eDiscovery costs by up to 90%. The company has formed strategic partnerships, notably with Relativity, integrating its collection technology directly into the RelativityOne platform to streamline the entire eDiscovery workflow from data identification to review.

Keywords: eDiscovery, enterprise search, legal technology, compliance software, data governance, information governance, litigation support, electronically stored information (ESI), data discovery, corporate compliance, forensic collection, legal hold, early case assessment (ECA), data indexing, Microsoft 365 collection, Relativity integration, cloud data discovery, investigation software, risk management, data collection

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