Halter raises $100 million to make smart cow collars

Halter, a New Zealand-based maker of smart cow collars that enable virtual fencing for cattle ranches, raised US$100 million in Series D funding led by Bond at a $1 billion valuation.

Why it matters: The round is designed to further enable U.S. expansion, at a time when many cattle ranches are facing labor shortages due to increased immigration enforcement.