After the "dating" sessions conclude, participants take notes and score or rank each of the people they were paired up with.

When two people express a shared interest in each other, they then have the opportunity to exchange contact information and further pursue the relationship on their own terms.

Users are paired with people within 100 miles, and it does not pair you with people who don’t meet certain criteria.

Right now “deal-breakers” include smokers/non-smokers, location, and age.

In the DEMO Sage panel after the presentation, Tracey Isacke, director of investments and business development at Telefonica Digital, said that she liked the concept of doing speed dating remotely.

If you don’t like someone, you don’t have to stay for an extra couple of minutes, she said, “and it’s a great way to meet people.” Seekly is one of 75 companies and 6 student “alpha” startups chosen by Venture Beat to launch at the DEMO Fall 2012 event taking place this week in Silicon Valley.

In 2000, the dating technique reached craze status, spreading quickly to rest of the Western world, taking strong footholds in both England and Australia.

Although its overall popularity in the United States may have waned in recent years, it has become an established and accepted form of dating, with speed-dating events held in cities throughout the U. Some cottage industries have even sprouted from the speed-dating theme, including Web sites dedicated to tips for successful speed dating.

The company received about ,000 in “Developer Dollars” in January from Abbeton, a Tampa-focused accelerator.

The company hopes to get more funding in the near term.

You can only eliminate users based on items that are deal breakers for you.” For pricing, the service will be free in beta, but it will transition to a paid usage early next year.

In the near future, Seekly will offer daily (.99), weekly (.99), or monthly (.99) subscriptions. Seekly almost sounds like a useful version of Airtime, Sean Parker and Shawn Fanning’s social video startup that hasn’t really done much since its celeb-filled launch.

The concept was introduced to the American dating scene at the turn of the 20th century by Rabbi Yaacov Deyo and his wife, Sue, who founded their own service, Speed Dating.