Waikato based Agritech company Halter has raised $8 million from US venture capitalists which it will use to develop its IoT and artificial intelligence technologies that help cattle farmers manage their herds.

The investment round was led by Data Collective, the largest backers of Rocket lab, with support from Founders Fund (Peter Thiel), and Ubiquity Ventures. Rocket Labs’ Peter Beck, Promus Ventures’ Mike Collett and Matt Ocko from Data Collective now account for three of Halter’s four board members.

Halter says it has developed a solar powered, GPS-enabled intelligent neckband that uses sensory cues to direct cows, enabling farmers to move and manage their cows remotely with a few simple swipes of a screen.

Source: Computerworld New Zealand