FARGO, ND, 701x, the agricultural technology company bringing connected intelligence to the beef cattle industry, today announced the close of an oversubscribed $10 million Series B funding round.
Marking six years in business with strong adoption across the United States, the company simultaneously announced it has hit profitability, added world-class talent, and is accelerating a major global expansion.
Unlike typical venture-backed technology companies, 701x's Series B was raised entirely from individuals who believe in the company's mission: local North Dakotans and Minnesotans extending to the greater Minneapolis area, and rancher-users from across the country who have experienced the 701x platform firsthand. No venture capital or institutional money was involved.
701x is building a complete technology ecosystem exclusively for the beef cattle industry. The 701x platform brings together on-ranch management software, breed association tools, smart wearables, DNA solutions, and accessory products into a single connected system for cattle producers. With strong adoption across the United States and active operations in Canada, 701x is expanding globally to bring precision livestock technology to beef producers worldwide.
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