Halter in Talks for $2B-Plus Valuation Funding

Halter, a New Zealand-based startup developing artificial intelligence-powered collars for cattle, is in advanced talks to raise a new funding round that would value the company at more than $2 billion, according to sources familiar with the discussions. The round, expected to be led by Peter Thiel's Founders Fund, has attracted significant investor interest and is oversubscribed, though final terms including the amount remain under negotiation.

The funding would double Halter's valuation from its previous round in June 2024, when it secured $100 million led by the venture firm BOND at approximately $1 billion. Founded by Craig Piggott, a former rocket engineer, Halter has deployed its technology on hundreds of thousands of cattle across New Zealand, Australia, and the United States. The company recently opened an office in Colorado to support its expansion into the American market, where ranchers face persistent challenges such as labor shortages and rising operational costs.

At the core of Halter's offering are solar-powered collars equipped with GPS, sensors, and AI algorithms, branded as the "Cowgorithm." The devices allow farmers to monitor herd locations, health metrics...