FLASH provides revenue control and parking access for businesses operating small valet stands with a massive parking garage. The company offers valet parking, event parking, ungated parking, monthly parking, enforcement solutions, and more. It primarily serves sectors such as airports, commercial businesses, condominiums, event and stadium venues, healthcare facilities, higher education institutions, hospitality businesses, municipalities, and shopping malls. It was formerly known as Klever Logic. The company was founded in 2011 and is based in Austin, Texas.
Research containing FLASH
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CB Insights Intelligence Analysts have mentioned FLASH in 1 CB Insights research brief, most recently on May 26, 2022.
Expert Collections containing FLASH
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FLASH is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
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Latest FLASH News
Oct 30, 2023
Neowin Oct 25, 2023 Way back in 2015, PC storage company Western Digital announced it had acquired the well known Flash memory company SanDisk for $19 billion in a combination cash and stock deal. Today, Western Digital basically announced a 180 on that purchase, announcing it would spring off its Flash business into its own separate company. In completing its strategic review after fully evaluating a comprehensive range of alternatives, Western Digital has determined that to realize its full value, spinning off its Flash business is the best, executable alternative at this time. To that end, Western Digital believes the current timing for implementing a stand-alone separation strategy is advantageous in its efforts to create shareholder value as industry conditions improve. David Goeckeler, the CEO of Western Digital, stated in the press release that the company had already set up "separate Flash and HDD product business units and separating operational capabilites over the past several years." This new plan to spin-off the Flash part of the business will, according to him, "further enable each company to drive long-term success in the years to come.” The plan to separate Western Digital's Flash and HDD businesses is still subject to the board's approval, along with other conditions such as the availability of financing and a way to structure the spin-off so that it is tax-free. The spin-off is currently scheduled to happen sometime in the second half of 2024. Earlier, Western Digital was in talks to merge with another Flash memory company, the Japan-based Kioxia. However, Reuters reports that those talks stalled last week, due to one of Kioxia's investors, SK Hynix, reporting expressing its opposition to the merger plan. Western Digital made no references to the Kioxia deal talks in its press release nor in its financial conference call with analysts today. Tags
FLASH Frequently Asked Questions (FAQ)
When was FLASH founded?
FLASH was founded in 2011.
Where is FLASH's headquarters?
FLASH's headquarters is located at 3801 South Capital of Texas Highway, Austin.
What is FLASH's latest funding round?
FLASH's latest funding round is Private Equity - II.
How much did FLASH raise?
FLASH raised a total of $362.05M.
Who are the investors of FLASH?
Investors of FLASH include Brookfield Asset Management, L Catterton, Vista Equity Partners, Geekdom Fund, G-51 Capital and 7 more.
Who are FLASH's competitors?
Competitors of FLASH include Metropolis and 6 more.
Compare FLASH to Competitors
Metropolis is a company that focuses on artificial intelligence in the real estate sector. The company's main service involves using computer vision technology to facilitate checkout-free payments for drivers and generate revenue for real estate owners. The company primarily sells to the real estate industry. It was founded in 2017 and is based in Santa Monica, California.
KaChing is a cashless, ticketless parking system and smartphone app designed to make payments for parking easier for visitors. The company's patented tech utilizes license plate recognition (LPR) software.
REEF Technology provides parking virtualization technology and services. The company specializes in managing parking real estate, delivery kitchens, and other related real estate properties. It was founded in 2013 and is based in Miami, Florida.
SpotHero offers on-demand parking services. It offers a mobile application that enables drivers to reserve parking spots such as garages, parking lots, and more. It also allows customers to reserve parking spots, compare rates, and find open parking. It was founded in 2011 and is based in Chicago, Illinois.
Hello Car is the developer of Parking Monster, a mobile valet parking service for businesses. The smartphone app provides parking management for restaurants, bars, and other parking buildings, and also offers a vehicle data reporting service through its POS smartpen solution.
ParkHub is a company that focuses on parking management technology in the sports and entertainment, university parking, municipalities, and commercial real estate sectors. The company offers a range of products that provide efficient, secure, and profitable parking management solutions, including real-time data monitoring, centralized reporting, inventory management, and yield management capabilities. ParkHub primarily serves the sports and entertainment industry, universities, municipalities, and the commercial real estate industry. ParkHub was formerly known as The Parking Genius, Inc.. It was founded in 2010 and is based in Dallas, Texas.