Bigfoot Networks Secures $8 Million Series B Funding
November 17 2009 - 6:30AM
Marketwired
Bigfoot Networks, the networking technology company behind the
Killer line of gaming network cards, today announced it has raised
$8 million in a Series B financing round led by existing investors
North Bridge Venture Partners, Palomar Ventures and Raven Venture
Partners. It will use the investment to fund product development
and expand its go-to-market capabilities. Bigfoot Networks has
raised a total of $20.75 million in funding to date.
Bigfoot Networks also announced that it has hired former Polycom
executive Wayne Dunlap as vice president of engineering and added
veteran consumer technology executive Greg Ballard to its board of
directors.
Reporting to Bigfoot Networks CEO Michael Howse, Mr. Dunlap will
direct development of the company's high-performance online gaming
technology. As former CTO and vice president of engineering at
Polycom, Dunlap brings extensive experience in networking and data
communications. At Polycom's Video Solutions Division he was
instrumental in creating the top-ranked HDX high-definition
videoconferencing product line. Prior to Polycom, Mr. Dunlap held
technical lead and senior engineering positions with Wang
Laboratories, Nomadic Systems and The Complete PC. He has several
US patents in visual collaboration.
"Bigfoot Networks' technology targets a growing demand for
improved networking performance in online gaming," Dunlap said.
"I'm thrilled to lead a team that is pioneering this exciting new
category of networking solutions and evolving the experience for
gamers around the world."
Ballard has served as CEO of numerous technology and
entertainment companies, including Glu Mobile (NASDAQ: GLUU), a
leading global publisher of mobile games; SONICblue, the makers of
ReplayTV and the Rio digital music player; MyFamily.com, a
successful subscription-based Internet service; and 3D-gaming
pioneer 3dfx Interactive. Previously, Ballard was a senior
executive at Time Warner, Capcom Software and Digital Pictures.
Ballard has also served on the board of directors for THQ (NASDAQ:
THQI), Pinnacle Systems, IGN and xFire and currently serves on the
board of DTS (NASDAQ: DTSI).
Today's announcement follows other recent news of progress at
the company. Bigfoot Networks recently announced a new distribution
partnership with VisionTek, a leading consumer PC peripherals
company, to license and distribute the Killer Xeno(TM) Pro. Bigfoot
Networks currently sells gaming network cards inside PCs from Dell
and Alienware as well as rigs from many specialized gaming PC
manufacturers. It is also sold as a separate add-in-card product
for gamers through e-tail and retail channels. Bigfoot Networks has
also recently released new software for Killer Xeno Pro gaming
network cards, providing additional features, improved performance
and Windows 7 compatibility.
"Bigfoot Networks has taken all the necessary steps to solidify
its market position and prepare for future growth," said Cali Tran,
principal at North Bridge Venture Partners. "It has created new
international sales channels, extended its business model into OEM
licensing and recruited world-class executives. We believe Bigfoot
Networks is well-positioned to become the top worldwide supplier of
networking products and technologies for gaming and real-time
Internet applications."
"This has been a transformational year for Bigfoot Networks,"
said Bigfoot CEO Michael Howse. "We strengthened our products,
partner relationships and team. Wayne Dunlap completes our
management team and brings us extraordinary expertise in networking
technology. We are privileged to have Greg Ballard join our board
of directors, and will benefit from his experience as one of the
most respected executives in the consumer technology industry.
Bigfoot Networks now has all the right assets in place, and we look
forward to reaping the benefits in 2010 and beyond."
About Bigfoot Networks
Bigfoot Networks is a leading networking technology company that
develops hardware and software solutions that significantly improve
the online gaming experience. Its products are designed to provide
a smoother, more responsive experience for today's new generation
of real-time, online applications, such as gaming, voice chat and
other applications that require highly responsive interactivity and
high-performance networking solutions. To learn more, visit Bigfoot
Networks at http://www.bigfootnetworks.com.
BIGFOOT NETWORKS, the BIGFOOT NETWORKS logo, KILLER and all
other Bigfoot Networks product names are trademarks or registered
trademarks of Bigfoot Networks Inc. KILLER Reg. U.S. Pat. & Tm.
Off. All other trademarks are the property of their respective
owners.
Media Contact: Emelyne Interior LEWIS PR for Bigfoot Networks
415-992-4400 bigfootnetworks@lewispr.com
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