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Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise
Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

CNA

time11 hours ago

  • Business
  • CNA

Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

Agtech startup Halter has raised $100 million at a $1 billion valuation, making it one of New Zealand's rare unicorns as it ramps up U.S. expansion of its cattle management platform for dairy farmers. The Series D funding was led by tech investment firm Bond and was joined by venture capital firm NewView along with existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures, Halter said on Monday. The dairy sector has emerged as a bright spot this year in an otherwise dour funding environment for agriculture tech startups as farmers rely more on automation to improve productivity. Auckland-based Halter is tapping into that demand with its system of smart collars, connectivity towers and a mobile app that lets ranchers virtually fence, move and monitor their cattle using sound and vibration cues - promising better grazing efficiency and lower environmental impact. Halter said it plans to use the new funds to expand in the U.S., where the company has been working with about 150 ranchers in 18 states. "Over half of US ranchers and farmers are over 55, and rural labor shortages are severe," CEO and founder Craig Piggott said. "Halter enables smaller teams to manage herds more efficiently, without constant physical presence." The U.S. farm industry has faced staffing crunches in recent months due to mass deportations ordered by the Trump administration, with industry groups warning about the impact on an industry that has long depended on immigrants.

Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise
Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

Yahoo

time12 hours ago

  • Business
  • Yahoo

Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

(Reuters) -Agtech startup Halter has raised $100 million at a $1 billion valuation, making it one of New Zealand's rare unicorns as it ramps up U.S. expansion of its cattle management platform for dairy farmers. The Series D funding was led by tech investment firm Bond and was joined by venture capital firm NewView along with existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures, Halter said on Monday. The dairy sector has emerged as a bright spot this year in an otherwise dour funding environment for agriculture tech startups as farmers rely more on automation to improve productivity. Auckland-based Halter is tapping into that demand with its system of smart collars, connectivity towers and a mobile app that lets ranchers virtually fence, move and monitor their cattle using sound and vibration cues - promising better grazing efficiency and lower environmental impact. Halter said it plans to use the new funds to expand in the U.S., where the company has been working with about 150 ranchers in 18 states. "Over half of US ranchers and farmers are over 55, and rural labor shortages are severe," CEO and founder Craig Piggott said. "Halter enables smaller teams to manage herds more efficiently, without constant physical presence." The U.S. farm industry has faced staffing crunches in recent months due to mass deportations ordered by the Trump administration, with industry groups warning about the impact on an industry that has long depended on immigrants. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise
Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

Reuters

time12 hours ago

  • Business
  • Reuters

Cow tech startup becomes New Zealand's latest unicorn in $100 million fundraise

June 23 (Reuters) - Agtech startup Halter has raised $100 million at a $1 billion valuation, making it one of New Zealand's rare unicorns as it ramps up U.S. expansion of its cattle management platform for dairy farmers. The Series D funding was led by tech investment firm Bond and was joined by venture capital firm NewView along with existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures, Halter said on Monday. The dairy sector has emerged as a bright spot this year in an otherwise dour funding environment for agriculture tech startups as farmers rely more on automation to improve productivity. Auckland-based Halter is tapping into that demand with its system of smart collars, connectivity towers and a mobile app that lets ranchers virtually fence, move and monitor their cattle using sound and vibration cues - promising better grazing efficiency and lower environmental impact. Halter said it plans to use the new funds to expand in the U.S., where the company has been working with about 150 ranchers in 18 states. "Over half of US ranchers and farmers are over 55, and rural labor shortages are severe," CEO and founder Craig Piggott said. "Halter enables smaller teams to manage herds more efficiently, without constant physical presence." The U.S. farm industry has faced staffing crunches in recent months due to mass deportations ordered by the Trump administration, with industry groups warning about the impact on an industry that has long depended on immigrants.

Agritech startup Halter becomes New Zealand's latest unicorn in $100 million fundraise
Agritech startup Halter becomes New Zealand's latest unicorn in $100 million fundraise

Time of India

time13 hours ago

  • Business
  • Time of India

Agritech startup Halter becomes New Zealand's latest unicorn in $100 million fundraise

Agri-tech startup Halter has raised $100 million at a $1 billion valuation, making it one of New Zealand's rare unicorns as it ramps up US expansion of its cattle management platform for dairy farmers. The Series D funding was led by tech investment firm Bond and was joined by venture capital firm NewView along with existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures, Halter said on Monday. The dairy sector has emerged as a bright spot this year in an otherwise dour funding environment for agriculture tech startups as farmers rely more on automation to improve productivity. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cuối cùng, chơi miễn phí game chiến thuật hay nhất 2025! Sea of Conquest Phát ngay Undo Auckland-based Halter is tapping into that demand with its system of smart collars, connectivity towers and a mobile app that lets ranchers virtually fence, move and monitor their cattle using sound and vibration cues - promising better grazing efficiency and lower environmental impact. Halter said it plans to use the new funds to expand in the US, where the company has been working with about 150 ranchers in 18 states. Live Events "Over half of US ranchers and farmers are over 55, and rural labor shortages are severe," CEO and founder Craig Piggott said. "Halter enables smaller teams to manage herds more efficiently, without constant physical presence." Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The US farm industry has faced staffing crunches in recent months due to mass deportations ordered by the Trump administration, with industry groups warning about the impact on an industry that has long depended on immigrants.

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