It’s launched 3 interactive pet camera products.
SAN FRANCISCO — Petcube, which sells pet monitors, announced that it has raised $10 million in funding.
The Series A funding round included Almaz Capital, AVentures and Y Combinator, along with other investors. The company said it will use the money to expand product development, marketing and sales distribution in North America and international markets.
Petcube said in a press release that it is "disrupting the pet care industry through innovative products that solve the challenges faced by busy pet owners who have to leave their pets at home because of work or travel, or have pets with special needs."
"Five years from now, nearly 40 million pet households will use a connected pet device," said Yaroslav Azhnyuk, CEO and co-founder of Petcube. "That's half of the US pet population. We are committed to driving innovation for this large and growing community, by designing products that enable pet parents to give their pets the best, while also ensuring their health, wellness and safety."
Petcube is currently distributed in 18 countries in over 5,000 retail locations in North America, Europe and Asia Pacific, and sells online via Petcube.com and Amazon. The company was launched as a Kickstarter campaign in late 2013. Since its founding, Petcube has launched three interactive pet camera products, and has raised a total of $14 million.