Yet Another Value Podcast

Anek Capital's Orel Levy's Cellebrite Thesis $CLBT

10 snips
Aug 1, 2025
Orel Levy, an investor at Anek Capital with a keen focus on value and event-driven opportunities, dives into the world of Cellebrite, a leader in digital forensics tools. He discusses the company's evolution into a SaaS model and its role in law enforcement. A shift in management, competitive threats like Palantir, and the integration of AI are thoroughly examined. Orel also unpacks the potential risks surrounding execution and possible M&A speculations, shedding light on Cellebrite's strategic positioning in a rapidly changing tech landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Cellebrite's R&D Moat

  • Cellebrite invests heavily in R&D to keep cracking phones despite constant OS security updates.
  • Customer trust builds a strong moat in this cat-and-mouse digital forensics game.
INSIGHT

Market Misunderstands Cellebrite

  • The market undervalued Cellebrite due to SPAC skepticism, transition pains, and management changes.
  • Misunderstandings around iPhone cracking capability also contributed to the depressed stock price.
INSIGHT

More Than Phone Cracking

  • Cellebrite's value goes beyond phone cracking; it analyzes vast structured and unstructured data.
  • Even if Apple or Google cooperated with law enforcement, Cellebrite's analytical capabilities remain essential.
Get the Snipd Podcast app to discover more snips from this episode
Get the app