2025 Revenue
$16M
Customers
600
Funding
$25M
YOY
155.9%
Avg ACV
$26.6K
Team
145
Founded
2003
How X1 CEO Craig Carpenter grew X1 to $16M revenue and 600 customers in 2025.
X1 creates exceptional solutions for people and organizations that need to find information, whether on individual desktops or company networks at the fastest speeds in the industry. Powered by the patented index-in-place technology, X1 supports over 600 enterprise customers & over 500,000 active commercial & government users, including a majority of the F500. OUR PRODUCTS: X1 Enterprise Collect™ Platform upends the traditional forensic collection process by searching electronically stored information (ESI) on a custodian’s computer in-place in real-time, prior to collection, enabling true early case assessment (ECA) and focusing preservations and collections as precisely as desired. X1 Search™ is an award-winning desktop productivity software solution that provides users the fastest, simplest way to find and work with the exact information they need and thought they’d never find again. Contact us at [email protected].
Last updated
X1 Revenue
In 2025, X1's revenue reached $16M. The company previously reported $6.2M in 2024. Since its launch in 2003, X1 has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2025 | X1 Hit $16m revenue in December 2025 |
| 2024 | X1 Hit $6.2m revenue in October 2024 |
| 2023 | X1 Hit $3.9m revenue in December 2023 |
| 2021 | X1 Hit $3.1m revenue in April 2021 |
| 2003 | Launched with $0 revenue |
X1 Valuation, Funding Rounds
X1 has not publicly disclosed its valuation. The company has raised $25M in total funding to date.
X1 has raised $25M in total funding across 4 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2019 | Funding round | $5.1M | - | - |
| 2017 | Funding round | $7.7M | - | - |
| 2014 | Funding round | $2.2M | - | - |
| 2005 | Funding round | $10M | - | - |
X1 Employees & Team Size
X1 employs approximately 145 people as of 2026, up from 97 in 2024.
X1 has 145 total employees in different roles and functions. They have 600 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 145 employees (December 2025) |
| 2024 | Reached 97 employees (December 2024) |
| 2024 | Reached 95 employees (October 2024) |
| 2023 | Reached 81 employees (December 2023) |
| 2022 | Reached 80 employees (December 2022) |
| 2021 | Reached 77 employees (December 2021) |
| 2021 | Reached 69 employees (April 2021) |
Founder / CEO
Craig Carpenter
Craig Carpenter is the CEO of X1. Craig has 20 years of experience as a CEO, COO, CRO, CMO and General Counsel in the eDiscovery, compliance and cybersecurity spaces. Prior to X1, Craig was the CEO of Fronteo (NASDAQ: FTEO), before which he was SVP of Sales at Kroll Ontrack until its acquisition by the Carlyle Group. Prior to Kroll Ontrack, Craig was CMO and then COO at AccessData, before which Craig spent 7 years as the VP of Marketing & Business Development and General Counsel at Recommind prior to its acquisition by Open Text (NASDAQ: OTEX). Before Recommind, Craig ran global marketing and channel teams at Fortinet (NASDAQ: FTNT) prior to its IPO and at Mirapoint prior to its acquisition by Openwave (NASDAQ:SNCR).
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how X1 acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about X1
What is X1's revenue?
X1 generates $16M in revenue.
Who founded X1?
X1 was founded by Craig Carpenter.
Who is the CEO of X1?
The CEO of X1 is Craig Carpenter.
How much funding does X1 have?
X1 raised $25M.
How many employees does X1 have?
X1 has 145 employees.
Where is X1 headquarters?
X1 is headquartered in Pasadena, California, United States.
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Compare X1 to the industry
X1 operates across multiple industries. Browse revenue, funding, and growth data for X1 in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .