Overview

Halter provides a data-driven solution for dairy farmers by utilizing satellite imagery, local weather data, and advanced biophysical models to deliver real-time information about pasture conditions. This information includes pasture covers, growth rates, and leaf emergence rates, which helps farmers optimize grazing strategies and improve the productivity of their livestock. By offering daily updates, Halter enables farmers to make informed decisions about grazing locations and timings, ensuring efficient use of their land. Additionally, Halter simplifies livestock management by facilitating easier fencing and movement of animals. The company also fosters a community among farmers, allowing them to share experiences and learn from one another, which enhances their resilience to challenges. Halter operates on a subscription-based model, providing farmers with continuous access to essential data and services.

Simplify's Take

What believers are saying

• Halter raised $29 million in Series B for expansion and innovation.
• The demand for data-driven agricultural tools is increasing, boosting Halter's market potential.
• Integration of AI and IoT in agriculture aligns with Halter's technology offerings.

What critics are saying

• Increased competition from climate-focused agtech startups may impact Halter's market share.
• Rapid expansion and increased headcount could strain Halter's operational capabilities.
• Reliance on satellite imagery may be affected by technological disruptions or policy changes.

What makes Halter unique

• Halter combines satellite imagery and biophysical models for real-time pasture data.
• The company offers a unique 'cowgorithm' for fenceless farming using GPS-enabled collars.
• Halter fosters community-building among farmers, enhancing resilience and shared learning.

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Funding

Total Funding

$98.5M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

Bessemer Venture PartnersBattery VenturesFounders Fund

Notable Investors:

Bessemer Venture PartnersBattery VenturesFounders Fund

$55,000,000

Series C

Mar 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Meet Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$55M

$62M

$100M

View all funding stages