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Founded Year

2006

Stage

Acq - Talent | Acquired

Total Raised

$41.5M

About Flite

Flite is a cloud-based ad platform that enables marketers to improve brand recall and purchase intent by leveraging real-time content. The Flite platform of Web-based tools allows marketers to easily produce ads that express the power of their brand as effectively as their brand's own website. With Flite, marketers receive up to a 10x increase in ROI on their brand spend with ads developed in 1/10th the time.On December 19, 2016, Flite was acquired by Snap. The terms of the transaction were not disclosed.

Flite Headquarter Location

One Kearny Building 23 Geary Street, 7th Floor

San Francisco, California, 94108,

United States

415-992-5870

Latest Flite News

Scottish Firm Nova Innovation Gets Funding for Indonesian Tidal Turbine Array Study

Nov 30, 2021

November 30, 2021 Credit: Nova Innovation Tidal energy developer Nova Innovation has secured funding that the company says could deliver the first-ever tidal turbine array in Indonesia. Nova’s FLITE (Feasibility of Larantuka and Indonesian Tidal Energy) project that will deliver a feasibility study for a 7MW tidal array in Larantuka Strait, has secured funding from Innovate UK, which has awarded the company £200k. Larantuka Strait lies between the islands of Flores and Adonara and has one of the strongest tidal currents in Indonesia, Nova Innovation said. The array would utilize Nova’s 100kW tidal turbines. FLITE is the first Asian project for Scottish-based Nova Innovation, which has teamed up with Indonesian University Institut Teknologi Sepuluh Nopember (ITS) to deliver the work. Simon Forrest, CEO of Nova Innovation, said: "Our goal is to kick-start the development of tidal stream as a sustainable and abundant energy source for countries across the world. "Indonesia is blessed with vast tidal energy resources that can be harnessed to generate clean, predictable, sustainable energy for the country. By working closely with our Indonesian partners we will accelerate the harnessing of this untapped resource, capable of powering Indonesia for generations to come.” Indonesia is one of the world’s largest countries, with over 270 million people and 17,500 islands. According to Nova Innovation, the country's electricity grid is currently dominated by fossil fuels – coal, gas, and oil – which together accounted for 83% of electricity generation in 2020. However the Indonesian Government has committed to increasing renewable energy production by 2030, and the country’s abundant tidal energy resources provide the perfect opportunity to decarbonize its economy, Nova Innovation said. Nova will partner with the Institut Teknologi Sepuluh Nopember (ITS) to conduct on-site technical and socio-economic research supporting the business case for the tidal array. Bambang Pramujati, Vice Rector of the ITS, said: "The eastern region of Indonesia has the characteristics of an archipelago and abundant natural energy sources. The electricity supply system in this region has to deal with a variety of geographical factors, uneven population distribution and an uneven distribution of energy needs. "Collaborative research between ITS and Nova Innovation will deliver a feasibility study for a tidal energy array in the Larantuka strait with the aim of answering economic and technical feasibility issues and providing confidence for investors.” Nova Innovation met with members of the Indonesian delegation to COP26 in Glasgow to discuss the potential for tidal energy in the country. Mike Freer MP, UK Government Minister for Exports, said: "Congratulations to Nova Innovation on their grant from Innovate UK. COP26 showed us all how exciting initiatives like this can help the UK – and the planet – build back greener. "Clean growth is at the heart of our trade policy and the deals we are negotiating around the world will drive green exports and investment, create jobs and tackle the threat of climate change.”

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Flite

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Flite is included in 1 Expert Collection, including ad tech.

a

ad tech

3,631 items

Flite Patents

Flite has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/26/2012

8/25/2015

Content delivery network, Widget toolkits, Video on demand services, Internet broadcasting, Streaming media systems

Grant

Application Date

6/26/2012

Grant Date

8/25/2015

Title

Related Topics

Content delivery network, Widget toolkits, Video on demand services, Internet broadcasting, Streaming media systems

Status

Grant

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