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AgTech Navigator News
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New Zealand-based Halter has raised NZD $377 million in Series E funding led by Founders Fund, doubling its valuation to US$2 billion in nine months and supporting international expansion of its AI-driven virtual fencing technology. The company, which already serves over 2,000 farmers in New Zealand, Australia and the US with its GPS-enabled smart collars for cattle, plans to enter the UK, Ireland and South America later this year. The funding will also be used to hire over 220 staff and accelerate product development focused on animal health and pasture management. This major raise highlights growing investor confidence in applied AI solutions for agriculture amid increasing demand for productivity and sustainability.
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AgTechNavigator Editors Ryan Daily and Oliver Morrison unpack the key takeaways from this year’s edition of the World Agri-Tech Innovation Summit in San Francisco.
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Representatives from Wells Fargo and other financial service firms discussed the state of the U.S. ag economy and the capital challenges facing farmers.