It's half cat, half teddy bear, and a resembles a racoon.  Scientists have identified the species as Olinguito.  The little critters live in the jungles of the amazon.

For a long time, scientists believed it was a member of the raccoon family.   However Scientist Kristopher Helgen stumbled on the specimens while doing research and said it was like nothing he had ever seen before.

For more information and pictures, check out the story on npr.