Electronics Startup Petcube Brings In $10 Million

Petcube announced it has raised $10 million in Series A financing. Four investors participated in the funding, among them Almaz Capital Partners, AVentures Capital, and Y Combinator.

Petcube uses technology to keep people connected with their pets. Its first product, Petcube Camera, is an interactive pet monitor with real-time video and built-in laser pointer that allows pet owners to watch, talk to, and play with their pet from their smartphone, no matter where they are. Since graduating from the prestigious Y-Combinator incubation program, Petcube has gone on to launch two additional products, Petcube Play and Petcube Bites, as well as a cloud video recording service, Petcube Care. Petcube products are available online and in stores including Brookstone, Best Buy, and Petco.

The new funding will be used to expand new product development, marketing, and sales distribution in North America and international markets.