AUSTIN, Texas—Bigfoot Networks Inc., a developer of online gaming technology solutions and the winner of the 2005 Texas MOOT CORP competition at The University of Texas at Austin, has joined the Austin Technology Incubator (ATI).
The company has raised its first round of seed funding and is in the process of getting its first product to market.
Bigfoot Networks is developing hardware and software designed to enhance the experience of playing games over the Internet and local area networks. Its first product is a gaming network processor that significantly increases the speed of online games, reduces the user’s perceived lag time, increases the frames-per-second of the game and helps prevent cheating.
“Bigfoot Networks’ vision is speed in online gaming,” said Harlan Beverly, the company’s chief executive and inventor of the technology. “We are to online games what video cards are to graphics. We make them faster, more responsive and provide a better experience to the gamer.”
Harlan, a former product architect at Intel, has filed 19 networking technology patents and is an expert in online gaming. He and the rest of the founding team are students in the university’s Evening MBA program.
The Austin Technology Incubator will provide Bigfoot Networks with strategic business consulting services and access to ATI’s global network of business, academic and government contacts. ATI’s goal is to enhance the company’s ability to achieve its growth objectives.
“ATI’s success rate with Austin startups shows how membership can set a new company on the right path,” Beverly said. “We hope to use ATI“s expertise and connections to give us a head start."
"Bigfoot Networks has a very good founding team with domain expertise, a great technology and a market opportunity ready to be capitalized,” said Erin Defosse, director of ATI’s Information Technology and Wireless Division. “We are delighted to be working with such a team to help them turn their goals into reality.”
About Bigfoot Networks
Bigfoot Networks Inc. is a gaming network hardware company that sells speed and performance to online gamers. As the inventors of the world’s first Gaming Network Processor, Bigfoot Networks is dedicated to delivering technologies and solutions that ensure online video gamers have a “Faster Than Life” ™ gaming experience.
About the Austin Technology Incubator
The Austin Technology Incubator (ATI) is a nonprofit organization that harnesses local business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. ATI enables its members to successfully compete in the global marketplace by linking them with ATI’s worldwide network of industry leaders, experts from academia and professional service providers. ATI companies have raised more than $700 million in capital, generated more than $1.5 billion in revenue and created more than 3,000 jobs. The ATI is a key program of the IC2 Institute at The University of Texas at Austin.
For more information contact: Erin Defosse, 512-305-0113.
