US Department of Justice to Sponsor Cellebrite DI (CLBT) for FedRAMP High Authorization for its Government Cloud platform

Cellebrite DI Ltd. (NASDAQ:CLBT) is one of the Best Tech Stocks to Buy Under $20. On July 23, Cellebrite DI Ltd. (NASDAQ:CLBT) announced a major development in its venture to offer secure cloud services to the US federal agencies. The company announced that the US Department of Justice will act as an official sponsor as it seeks the FedRAMP High authorization for its Government Cloud platform.

Earlier this year, Cellebrite DI Ltd. (NASDAQ:CLBT) underwent an independent review and received a FedRAMP High Ready status. Now, with the US Department of Justice as its sponsor, the company moves to the next phase, bringing it closer to getting complete authorization. The company’s government cloud services will provide new digital tools for federal agencies, offering them secure access to the company’s key solutions, including Inseyets for advanced digital forensics, and Guardian for digital evidence review, sharing, and storage.

US Department of Justice to Sponsor Cellebrite DI (CLBT) for FedRAMP High Authorization for its Government Cloud platform

A female engineer in a datacenter, wearing a headset, monitoring digital data.

Cellebrite DI Ltd. (NASDAQ:CLBT) is a software company that provides a Digital Intelligence platform for legally authorized investigations.

While we acknowledge the potential of CLBT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLBT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.