"I just felt that ag[riculture] was underserved by technology, and there was a lot of opportunity to help farming and ranches with tech. No one was really playing in that space, and so that was kind of the initial thesis."
"A recent report from Bank of America found that as of 2024, over half of the world's farmers have adopted, or were willing to adopt, precision agriculture or AI-enabled technology."
"Halter has transformed into a mammoth global operation, raising $220 million in Series E funding, led by Peter Thiel's Founders Fund at a $2 billion valuation."
Craig Piggott grew up on a dairy farm in New Zealand, where he learned the discipline needed for a tech career. In 2017, he founded Halter, an agricultural tech firm that uses AI to track cattle data through solar-powered smart collars. Halter has become a significant player in the agtech industry, recently raising $220 million in Series E funding at a $2 billion valuation. The agtech sector is projected to grow to a $34 billion industry by 2034, with increasing adoption of precision agriculture and AI technology among farmers.
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