701x Raises $10 Million in Series B Funding
Fargo-based 701x, a company specializing in GPS ear tags for cattle, has successfully raised $10 million in a Series B funding round dated June 3, 2026. These innovative tags provide real-time livestock tracking and movement monitoring, offering reliable herd visibility even in remote areas without cellular coverage.
Funding Details
The Series B round brought in $10 million, though details about the investors involved remain undisclosed. This latest infusion of capital underscores the growing interest in agricultural technology solutions that enhance livestock management and monitoring.
Use of Funds
701x plans to utilize the $10 million to further develop its GPS ear tag technology. This includes enhancing the accuracy and reliability of its real-time tracking system and expanding its market reach. The company aims to improve the overall user experience and ensure that farmers and ranchers can efficiently manage their herds, even in the most remote locations.
About 701x
701x's technology is designed to address the challenges faced by cattle owners in tracking and monitoring their livestock across vast, often isolated, areas. By eliminating the need for cellular coverage, their GPS ear tags provide a seamless solution for keeping tabs on cattle movements, ultimately helping to optimize herd management and increase operational efficiency.
This funding round marks a significant milestone for 701x as it continues to innovate in the agricultural technology space, providing valuable tools for the livestock industry.