The Chicago-based company Jiobit succeeded in raising more than $3 million, which will go towards the production and monitoring services of their newest product- a device that monitors your child’s whereabouts in both outside and indoor locations. Set to hit the market in the latter-half of 2017, Jiobit CEO John Renaldi has says his device can pinpoint a child’s location “more precisely than other tracking devices.” Parents will have access to a mobile app that will enable them to monitor their child’s location and grant tracking access to other parties like guardians, babysitters, or other family members. The device is also equipped with algorithmic software that will become familiar with a child’s daily routines, and send an alert when a parent’s child falls out of their expected range.

For additional security, Jiobit will also be equipped with secure encryption keys that prevent pirating and streaming breaches along with giving unauthorized parties access to the device’s monitoring locations and data it’s collected. The device has a square shape with rounded corners that can clip onto a child’s clothing, backpack, or shoe. Roughly the weight of an AA battery, the Jiobit is made from soft silicone material that won’t aggravate a child’s sensitive skin. The device’s battery life can last for over 600 hours, and (depending on use) needs to be charged once every couple of weeks.

While Renaldi hasn’t released any information on Jiobit’s cost, he alluded to the possibility of the starting price being similar to a Fitbit, which can cost between $60-250. Renaldi also said parents will have access to Jiobit’s online monitoring network for a monthly fee that will be “less than Netflix (whose monthly prices are between $8-12).”

The device’s immense accuracy comes from its utilization of the mobile app’s radio emissions from its communicative applications.

“It relies on more or less every single radio that’s in your smartphone,” Renaldi commented. “So everything from your Bluetooth to Wi-Fi to GPS to cellular, we traverse all of those to give you the most accurate fix, whether you’re indoors or out, even up or below.”

Renaldi knows firsthand about the terrifying feeling of not knowing where your child can be, through which he also realized how faulty most child tracking devices on the market are. He was separated from his child at Chicago’s Millennium Park, and spent 20 debilitating minutes searching until they were reunited. The incident made Renaldi think about these devices being unable to function indoors that made him extra-determined in perfecting this aspect of the Jiobit.

“When you think about all the sprawling indoor venues where families may take their kids- museums, grocery stores, hotels, and hospitals for example,” Renaldi said when asked about the topic. “That’s a serious product limitation.”