Peter Thiel-Backed Halter Reaches $2 Billion Valuation

Halter, a New Zealand-based startup developing smart collars for livestock, has reached a $2 billion valuation following a $220 million funding round led by Peter Thiel's Founders Fund in March 2026. The collars use GPS and AI to create virtual fences, allowing farmers to manage herds remotely via smartphone. The system, which records over 6,000 data points per minute per animal, is currently deployed across more than 2,000 farms in New Zealand, Australia, and 22 U.S. states.