Founded in 2020 by Stephane Gosselin, Flashbots is a research and development organization that works on mitigating the negative externalities of Maximal Extractable Value (MEV) techniques on blockchains. It distinguishes itself by using a three-pronged approach, involving transparency of MEV activity and democratization and sustainable distribution of MEV revenue. Flashbots is primarily used by Ethereum searchers and validators to benefit from efficient and transparent MEV extraction.