Peter Thiel backs Halter with a $2 billion valuation

More than 2,000 farms in Australia, New Zealand and the United States have abandoned fences and are controlling the movement of cattle through a solar-powered collar built by a Kiwi start-up now worth more than $2.9 billion after being bought out by tech billionaire Peter Thiel.

New Zealand agricultural start-up Halter reached the double unicorn valuation of $2 billion ($2.9 billion) after completing a $351 million capital raising led by Thiel’s venture capital firm Founders Fund. This also included money from Mary Meeker’s Bond Capital and Australia’s largest venture capital firm, Blackbird Ventures.

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