Funding and Manufacturing Progress!
We’ve been super busy out fundraising, speaking to investors and getting a new factory lined up since our last update and we have some great news to share.
We’ve closed several angel investors in the past few weeks who have provided seed funding. These funds will help us resume development and pay for the manufacturing, tooling, testing and expenses, but we are continuing to work towards hitting our funding target to cover all costs.
The priority of these initial seed funds will be used by us as follows:
- Software development and testing for Version 1.0
- Completion of the tooling
- FCC certification testing
Over the next weeks and months, we will continue to meet with investors to ensure we can finance our production ramp and continue to develop the software after launch to enable more features and services for photo sharing.
One of our investors is also bringing their software team on board to augment our efforts and help accelerate the completion of the software, testing and UI improvements.
The key members of their team have incredible depth and experience from companies such as Netflix, Nest and Apple, and will help make the Instacube software and UI an amazing experience.
We’ve identified our new manufacturing partner and are about to kick-off with their team in Shenzhen this week. They are a top-tier manufacturer that is building similar products in the tablet market in the hundreds of thousands of units so we have a lot of confidence in their capabilities.
We’re excited to partner with them and to leverage their supply chain and experience to help us get to market and continue to develop the next-gen hardware.
We’re still pushing hard for an October shipment, but can’t confirm an exact date until we discuss the detailed schedule with the new factory this week and get their confirmed commitment on the key milestones.
We will continue to communicate with you and bring you more updates.
- The Instacube Team
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Early Adopter Special! One "Classic" Instacube. There are only 1,000 Instacubes at this sweet price, and they are reserved exclusively for our first Kickstarter supporters!Estimated delivery:
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We love you and we wanted to offer a few more Instacube "Lover's Pairs" at a special Kickstarter price. This reward is only open from 9/13-9/21 so grab this sweet deal while you can!Estimated delivery:
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Collector's Limited Edition Instacube! This is a VIP batch just for VIP Kickstarter backers! One "Vintage Spring" Instacube in Kickstarter Green, individually numbered ___/1000 and laser engraved with your Instagram handle or name (optional). This is the only time we will ever offer Instacube in this amazing throwback retro green!Estimated delivery:
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"Lover's Pair" of Instacubes. Two "Classic" Instacubes for him and her, him and him, her and her, home and work, grandparent and grandkid, near and far or any other combo you can come up with! Since you're willing to buy two, we're willing to give you a price break off of retail :).Estimated delivery:
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Instacube Design Experience! Looking to make some custom Instacubes for your business or clients? Join us for an Instacube Design Session & Adventure with Instacube Designer John Whaley at D2M's office in Mountain View, CA! E-mail for more details on this once in a lifetime opportunity! We will hook you up with Instacubes and the experience will blow your mind. We promise. (Transportation and accommodations are not included but a great time is assured.)Estimated delivery:
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