Pet healthcare startup ‘Sibiliter’ announced on the 23rd that it has secured Pre-Series A (Pre-A) investment.
This round of investment involved JCH Investment-OpenNol, Kangwon National University Technology Holdings-Douzone Bizon, Next Dream Angel Club, among others. CNT Tech, which participated in the seed investment, also made a follow-on investment in this round. Sibiliter’s cumulative investment has exceeded 1 billion KRW.
‘Sibiliter’ is a pet tech startup operating the total pet health management app ‘Lifet’. The core technology of Sibiliter is a proprietary AI that can determine the presence and progression of chronic diseases in pets using only smartphone photos taken at home. In particular, its patellar luxation diagnostic support software has been recognized for its high diagnostic accuracy through clinical trials, achieving a sensitivity of 97.6% and specificity of 98.8%, and was the first in Korea to obtain approval as a veterinary medical device.
The research was also published last November in the SCI-level international journal, Scientific Reports. To date, the app has been used over 80,000 times. Recently, the scope has been expanded to include periodontal disease and obesity, with a goal to cover a total of five indications by the first half of next year.
Additionally, Sibiliter sells 350 types of supplements, aids, and pet food that can prevent and manage chronic diseases, and operates a membership program that compensates treatment costs caused by these diseases. Furthermore, by acquiring a simple insurance agency license, it plans to start selling actual pet insurance from November. Notably, it has established a unique revenue model where the AI analyzes photos submitted during the insurance enrollment process and offers discounts on premiums the healthier the pet is.
Moreover, the chronic disease diagnostic API is supplied B2B to several mid-sized companies such as Samsung Fire & Marine Insurance and Hekto Innovation.
Kwanghyun Kim, CEO of Sibiliter, stated, “Our differentiated AI technology was recognized by investors for its potential applications in commerce, pet insurance, and various aspects of pet health management, enabling us to successfully close the Pre-A round. We aim to become the go-to service when managing pet health and to foster a healthy pet ecosystem by encouraging timely visits to veterinary hospitals when pets are ill.”
Meanwhile, based on the investment secured this time, Sibiliter plans to actively expand its market share by integrating all homecare processes from health status analysis to continuous management and treatment cost coverage. In particular, it plans to officially launch the English service, currently being piloted, in the first half of next year to enter the U.S. market.
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