If there’s one thing that can be said for most of us at Brit + Co and beyond, it’s that we love our pets. We dress up our pooches and cats for Halloween, dote on them for days and pamper them whenever possible.

But for some pets, the pampered life isn’t as permanent as they hope. A family pet is lost about every seven seconds, meaning over 10 million pets are lost each year (!!). As sad as this statistic is, there’s hope. A new company called Pawscout has introduced a next-generation pet finder to ensure a lifetime of protection for your furry friend, making sure they NEVER get lost again.

The Pawscout Pet Finder is a pet tag that attaches to any regular collar. It provides radar and GPS honing that lets your mobile device and the attached app find the pet within a 200-foot radius. And if your pet wanders out of range, don’t worry. Social GPS relies on a tracking community, alerting anyone who has the Pawscout App when the missing animal is within range.

Pawscout also stores identification information and health data about the pet, meaning that anyone who finds the animal will be alerted to important medication, eating or behavioral issues.

For only $30, it’s a pretty sweet deal. The engraved tag is also waterproof and comes with a one-year battery that the owner can replace. Pawscout is set to ship in 2015, but early birds/cats/dogs can get a custom-engraved nameplate if they order before December 31, 2014.

Would you use this tech-savvy pet tracker? Tell us in the comments below!