Shacknews reports that a small start-up company called Bigfoot Networks has received a $4 million investment for a product called the Gaming Network Accelerator:

The company 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. "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 plans to announce more details about its card at conferences such as E3 in coming months, with the first product being brought to market this summer.