[June 02, 2026]

701x Closes Oversubscribed $10M+ Series B, Hits Profitability, and Launches Global Expansion

701x, a Fargo, North Dakota-based agricultural technology company, today announced the close of an oversubscribed Series B round exceeding $10 million - funded entirely by local North Dakotans and Minnesotans extending to the greater Minneapolis area, and rancher-users across the country, with no venture capital or institutional involvement. In six years, 701x has built the only complete technology ecosystem focused exclusively on beef cattle, spanning on-ranch software, breed association software, smart GPS & health monitoring ear tags, DNA solutions, and a growing accessory line. See their full product line at 701x.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601037997/en/

Cattle wearing 701x's satellite enabled GPS ear tag with health monitoring capability

The xTpro uses direct-to-satellite connectivity to deliver real-time herd alerts - out-of-fence, health, estrus, calving, and bull-not-mounting - straight to a rancher's phone.

• Profitability: 701x has achieved its first profitable month while directing the majority of its labor budget toward R&D, including an overhaul of an acquired breed registry software platform and development of a feedlot management system.
• Manufacturing: Robotics and automation - rooted in CEO Kevin Biffert's background founding Fargo Automation and selling it to Körber Medipak in 2017 - have reduced xTpro assembly costs by 75%, enabling high-quality, low-cost production at scale.
• Global expansion: Already live in Canada, 701x is on track to launch in Australia, New Zealand, Mexico, the United Kingdom, and Brazil before year-end.

"The beef industry deserves better technology - not single-function tools, but a connected ecosystem targeting ranchers' true pain points: fertility and health. Closing an oversubscribed round funded by our community and our own customers is the validation that means the most to us. This is just the beginning."
- Kevin Biffert, Founder & CEO, 701x

About 701x: Founded in Fargo, North Dakota, 701x is the only company building a complete technology ecosystem exclusively for beef cattle producers. The platform integrates on-ranch software, breed association tools, GPS smart ear tags, DNA solutions, and accessories into one connected system. With strong US adoption and operations in Canada, 701x is expanding globally. Learn more at www.701x.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601037997/en/

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