Founders Fund is expanding its investments in innovative projects, backing a New Zealand startup developing solar-powered smart collars for cattle management.
Halter raised $220 million in funding, pushing its valuation to nearly $2 billion in a round led by Founders Fund.
The innovation tackles a major challenge in agriculture: managing livestock in large areas without traditional tools.
The system relies on smart collars connected to a mobile app and low-frequency communication network, allowing real-time monitoring.
It also enables virtual fencing, where animals learn to respond to audio and vibration signals.
Additionally, the system gathers detailed health and behavioral data, helping improve productivity and reduce losses.
