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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Bigfoot Networks Receives Investment to Accelerate Online Games

by Rainier on March 6, 2006 @ 3:48 p.m. PST

Bigfoot Networks will bring to market the world’s first Gaming Network Accelerator card, which will allow online gamers to play their favorite games with less lag. Lag is the number one problem in online video games today, and Bigfoot Networks is the only company in the world whose sole mission is to fight lag.

After winning numerous awards, including the 2005 Fortune Small Business Startup Competition and the prestigious 2005 Moot Corp. competition at the University of Texas, Bigfoot Networks, Inc. has achieved its biggest milestone yet: $4 Million in Series A financing from Venio Capital Partners.

Bigfoot Networks is an innovative start-up company with roots from the McCombs School of Business at the University of Texas at Austin. The company was formed by a team of Executive MBA students to improve the performance of online video games.

"Bigfoot Networks products will infuse online gaming with blazing speed, making them a ton more fun," says Harlan Beverly, inventor, co-Founder, and CEO of the company. "We are to online games what 3D video cards are to graphics: essential. Eventually, we plan to completely eliminate the dreaded lag monster."

Bigfoot Networks was introduced to Venio Capital Partners through their membership to the Austin Technology Incubator. With the $4 million in funding from Venio, Bigfoot Networks hopes to bring its first product to market this summer. They plan to demonstrate beta versions of their product at several of the major trade shows in 2006, including the popular E3 (Electronics and Entertainment Exposition).

“Venio Capital Partners is very excited about this latest investment given its unique fit within our focus of both technology and entertainment investments. Bigfoot Networks is attacking the number one problem in the very large and growing online gaming market: Lag” said Brian Grigsby, managing partner at Venio Capital Partners. “While Bigfoot Networks is providing a much needed technology solution to online gamers, the makers of online games are experiencing financial losses due to lag as well. Bigfoot Networks has technology we believe can help solve both problems.”

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