# Flash Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flash-networks

- Industry: Telecoms
- Headquarters: Herzliya, Israel
- Website: www.flashnetworks.com
- Total disclosed funding: $32M
- Latest round: Series F (Jun 12, 2006)
- Investors on record: 14

## About

Flash Networks Ltd. specializes in advanced network traffic management and cybersecurity solutions for mobile operators, enhancing user experience and optimizing network performance globally.Founded in 1996 and headquartered in Herzliya, Israel, Flash Networks Ltd. focuses on innovative technology solutions for mobile operators. The company has undergone significant developments, including acquisition by Volaris Group in August 2020. Throughout its history, Flash Networks has completed 11 deals, with HarbourVest Partners being a notable investor in their latest funding round of USD 1.70 mn, marking the total amount raised by the company at USD 1.70 mn.Flash Networks offers a suite of patented technology solutions aimed at improving network traffic management and cybersecurity for mobile operators. Their flagship product, the vHarmony Mobile Internet Services Gateway, serves over 500 million subscribers worldwide, focusing on optimizing network performance and enhancing user experience. Their solutions are deployed across North America, Europe, Asia-Pacific, and the Middle East, aimed at supporting mobile operators in managing the increasing demands of 5G and mobile data traffic.Flash Networks generates its revenue through direct sales and subscription models, targeting mobile operators globally. Partnerships with telecommunications providers facilitate the integration of their solutions into existing infrastructures. Revenue is derived from the deployment of products like the vHarmony Gateway, which enhances user experience and compliance. Clients engage in structured agreements that may include recurring fees based on subscriber numbers or managed traffic volume, ensuring consistent revenue flow.Flash Networks intends to expand its product offerings with new solutions designed to address the evolving needs of mobile operators. The company is targeting expansion into emerging markets in Asia and Africa by 2025. Recent funding of USD 1.70 mn will be utilized to support these initiatives and enhance product development. The exit of Amiti Ventures from their stake further signifies a strategic shift as Flash Networks aligns its operations with market demands following its acquisition by Volaris Group.

## Funding rounds

- Series F, Jun 12, 2006, $13M — Concord Ventures, Evergreen Partners, HarbourVest Partners, Giza Venture Capital, DTCP, Challenge Fund, Argonaut Private Capital, Bell Mobility Investments Inc.
- Series E, Jun 12, 2006 — Verizon Ventures
- Series D, Jan 12, 2003, $6M — Giza Venture Capital, DTCP, Challenge Fund, Bell Mobility Investments Inc.
- Series B, May 4, 2000, $9.5M — Concord Ventures, Vertex Ventures Israel, Giza Venture Capital, Argoquest, Challenge Fund, Gilat Satellite Networks Ltd., Amiti Ventures, GE Ventures
- Series A, Dec 1, 1998, $3M — Concord Ventures

## Investors

- Concord Ventures (https://capitalatlas.ai/funds/concord-ventures) — Series A, Series B, Series F
- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series B
- Giza Venture Capital (https://capitalatlas.ai/funds/giza-venture-capital) — Series B, Series D, Series F
- Argoquest (https://capitalatlas.ai/funds/argoquest) — Series B
- Challenge Fund (https://capitalatlas.ai/funds/challenge-fund) — Series B, Series D, Series F
- Gilat Satellite Networks Ltd. — Series B
- Amiti Ventures (https://capitalatlas.ai/funds/amiti-ventures) — Series B
- GE Ventures — Series B
- DTCP — Series D, Series F
- Bell Mobility Investments Inc. — Series D, Series F
- Evergreen Partners — Series F
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series F
- Argonaut Private Capital — Series F
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series E