ChainThink report, March 21: According to sources familiar with the matter cited by Bloomberg, Halter, a startup developing AI-powered cattle collars, is in discussions for a new round of funding that could double its valuation to over $2 billion.

The sources said Founders Fund, the venture capital firm backed by billionaire Peter Thiel, will lead this round. Due to the confidential nature of the discussions, the sources requested anonymity. Negotiations are ongoing, and specific details may still change.

Halter’s technology aims to establish a "digital fence" for herds, enabling farmers to monitor livestock location and health metrics in real time via an application. Its solar-powered smart collars connect to farmers’ smartphones, allowing remote management of pastures—such as using vibration and audio signals from the collars to deter or guide cattle.

One source noted that prior to the new funding, Halter’s valuation had already reached approximately $2 billion. The size of this funding round remains undetermined due to strong investor interest, resulting in "oversubscription." Halter declined to comment, and Founders Fund also refused to provide any statement.