Halter, an agtech company that is changing how cattle farming works, has raised A$314.5 million (US$220 million) in its Series E funding round. The company is now valued at $2 billion.
The funding round was led by Founders Fund, with support from investors like Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus, and Icehouse Ventures. This will help Halter grow as more ranchers start using its technology.
The funding will be used to support the farmers and ranchers who are already using Halter’s technology.
It will also help the company expand its services to more farms around the world, while continuing to focus on the needs of everyday users.
“We started Halter because we believed technology could fundamentally change what it means to run a ranch, and enable ranchers to use innovation to build long-term futures on their land,” said Craig Piggott, CEO and founder of New Zealand-born Halter. “Our ranchers need tools that work, and the fact that they’re using Halter tells us our technology has earned their trust. This raise lets us bring it to far more of them – and faster.”
“Agriculture is a multi-trillion-dollar industry that feeds the world, yet remains one of the least digitized sectors on earth,” said Founders Fund Partner Amin Mirzadegan. “Halter is changing that by bringing software, sensors, and AI directly into livestock operations in a way that ranchers actually adopt. Craig’s deep understanding of the ranchers he serves has enabled the company to build something that’s not just useful, but mission-critical to how ranches run.”
Halter was founded in 2016 by Craig Piggott and provides a system that helps farmers manage dairy and beef farms more easily. It works like an operating system for running a farm.
Thousands of farmers in New Zealand, Australia, and the US use Halter, and new customers are joining every day. The company is based in Auckland and has over 400 employees across these countries.
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