Halter raises $220M at $2B valuation to scale virtual fencing

This article was published on March 24, 2026 A cow wearing a GPS collar doesn’t sound like a $2 billion idea. But for the ranchers who have strung virtual fences across 60,000 miles of American pastureland in under two years, it apparently is. Halter, the New Zealand-born agtech company, announced on Monday that it has raised $220 million in Series E funding at a $2 billion valuation. The round was led by Founders Fund, Peter Thiel’s firm, which first backed Halter in its Series A round in 2017 and is now doubling down nearly a decade later. Existing investors Blackbird, DCVC, Bond, Bessemer Venture Partners, NewView, Ubiquity, Promus, and Icehouse Ventures also participated. The raise ranks among the largest ever in the global agtech sector, and it values a company that, at its core, makes solar-powered collars for cattle. Halter’s GPS-enabled collars use audio cues and gentle vibrations to contain and move herds within virtual boundaries. A rancher can redraw fence lines from a smartphone, shifting cattle across sections of land without physical infrastructure, without wire, and without riding out to do it in person. The system replaces one of the oldest and most costly pieces of