Petabyte Expertise introduced at present that it has secured Collection A funding of $eight million led by Acrew Capital and adopted by Greycroft Partners, Correlation Ventures and Ridge Ventures. The seed spherical was led by Greycroft and included Ridge Ventures and Loeb.nyc.
Petabyte’s flagship answer, rhapsody.vet, is a classy cloud-based platform that allows veterinary practices to modernize and construct a sustainable future. Rhapsody’s cellular instruments, together with distinctive standardized codes and a digital medical examination, allow veterinary practices to streamline their total operations. The platform’s easy design makes for a simple transition that permits practices to shortly enhance effectivity and higher meet shopper wants.
“Petabyte helps veterinary practices throughout the nation achieve higher management of their operations which is main to raised pet affected person care and elevated income,” stated Michael Hyman, co-founder and CEO of Petabyte. “We’re constructing on our workforce’s in depth expertise with massive scale platforms and large information to carry improvements to the veterinary trade.”
Vishal Lugani, accomplice at Acrew Capital, and Ian Sigalow, co-founder and accomplice at Greycroft Companions, have joined Petabyte’s Board of Administrators. Additionally becoming a member of the Board is Tim Mahlman, former president of Verizon Media’s advert platform enterprise, who may even act as Petabyte’s President. Previous to Petabyte, Michael Hyman held govt positions at main firms resembling Amazon and Verizon, and acted as CEO of many profitable startups.
With this funding, the corporate plans to speed up product improvement and develop its customer support groups, which assist veterinary practices with best-in-class expertise and coaching. The corporate has workplaces in Bellevue, New York, Cleveland, Naples, and San Francisco.
“We’ve made a core funding in standardization and automatic migration, which is exclusive to the trade,” stated Alex Krooglik, co-founder and COO of Petabyte, previously a co-founder of Embrace Pet Insurance coverage. “With our expertise, practices can lastly get a deal with on their information to optimize effectivity, enhance price seize, and perceive what is going on of their apply, whether or not that could be a small, single clinic or a big group. With fewer than 10 p.c of veterinary practices using the cloud at present, Petabyte is effectively positioned to rework what is feasible for veterinary practices and the pet homeowners they serve.”
About Petabyte Expertise
Petabyte’s mission is to offer veterinary healthcare practitioners larger understanding and management over their enterprise utilizing cloud-based expertise.
Petabyte is a novel enterprise apply administration answer that permits veterinary practices to run extra environment friendly operations and ship higher affected person veterinary care. Petabyte considers a apply’s wants by providing a product that emphasizes a easy design and intuitive usability. It additionally affords strong buyer assist by means of groups outfitted to help veterinary practices, each massive and small. The corporate brings collectively distinctive expertise with many years of expertise within the veterinary trade and in constructing cutting-edge expertise to ship one of the best apply administration answer available on the market.
Richard Shea (212) 627-5766