They started up Hola with $18 million from investors such as DFJ ( Skype, Hotmail), Horizons Ventures ( Li Ka-shing's venture capital fund), Magma Venture Partners ( Waze), Israel's Chief Scientist Fund, and others. This would make the Internet faster for users and cheaper to operate for content distributors. In 2008, Vilenski and Shribman started investigating the idea of re-inventing HTTP by building a peer-to-peer overlay network that would employ peer-to-peer caching to accelerate content distribution and peer-to-peer routing to make the effective bandwidth to target sites much faster. In 2006, NDS (Cisco) acquired Jungo for $107 million. With the profits from the company, they started Jungo in 2000 to develop an operating system for home gateways. In 1998, Ofer Vilenski and Derry Shribman founded KRFTech, a software development tools company. Paying users can choose to redirect all requests to peers but are themselves never used as peers. Users of the free service share a portion of their idle upload bandwidth to be used for serving cached data to other users. When a user accesses certain domains that are known to use geo-blocking, the Hola application redirects the request to go through the computers and Internet connections of other users in non-blocked areas, thereby circumventing the blocking.

Hola is a freemium web and mobile application which provides a form of VPN service to its users through a peer-to-peer network.

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