Why did Founders Fund invest $220 million in cattle management startup Halter?

An artificial intelligence startup that makes collars for cows is about to be worth more than $2 billion — and some of the ...

At Tony Louters' dairy farm in California's Central Valley, cows don't wear bells—they sport high-tech collars loaded with sensors and WiFi. These collars, developed by Merck, act as early-warning ...

Virtual fencing systems like those of Halter are about much more than simply replacing physical infrastructure on the ranch.