On the Radar…

LineRate Systems announced receipt of a $50,000 Proof of Concept Investment from the CU Technology Transfer Office (TTO). This investment came on the same day that LineRate announced it had secured an exclusive option from CU for the high-rate software processing technology developed by the company’s co- founders John Giacomoni and Manish Vachharajani. LineRate’s core packet-processing technology makes it possible to achieve results via custom software applications and commodity computing platforms that previously required expensive specialty hardware installations. The investment proceeds will be used to fund the company’s initial product offering with hopes of getting a product to market by mid-2009. The initial product is targeted towards load balancing (spreading work between multiple devices) to optimize web delivery for enterprises and mid-market customers. According to Giacomoni, the product will be “aggressively priced to meet the budget profiles of ad-supported businesses.” LineRate was founded in 2008 and in headquartered in Boulder, Colorado.