{"id":14845,"date":"2026-06-02T21:10:00","date_gmt":"2026-06-02T19:10:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=2aefc28949a9623df31c16e931879469"},"modified":"2026-06-02T21:10:00","modified_gmt":"2026-06-02T19:10:00","slug":"701x-closes-oversubscribed-10m-series-b-hits-profitability-and-launches-global-expansion","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=14845","title":{"rendered":"701x Closes Oversubscribed $10M+ Series B, Hits Profitability, and Launches Global Expansion"},"content":{"rendered":"<p class=\"bwalignc\">\n<i>The only complete beef cattle technology ecosystem closes community-funded round \u2014 no venture capital or institutional involvement \u2014 backed by North Dakotans, Minnesotans, and rancher-users nationwide.<\/i><\/p><p>FARGO, N.D.--(BUSINESS WIRE)--701x, a Fargo, North Dakota-based agricultural technology company, today announced the close of an oversubscribed Series B round exceeding $10 million \u2014 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 &amp; health monitoring ear tags, DNA solutions, and a growing accessory line. See their full product line at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.701x.com&amp;esheet=54545800&amp;newsitemid=20260601037997&amp;lan=en-US&amp;anchor=701x.com&amp;index=1&amp;md5=12b2a66a9322ecc45f5badb6ebf83134\" rel=\"nofollow\" shape=\"rect\">701x.com<\/a>.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821130\/5\/Untitled_design-5_1.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821130\/22\/Untitled_design-5_1.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821130\/5\/Untitled_design-5_1.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821130\/21\/Untitled_design-5_1.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821122\/5\/701x_Logo_-_Grey_AR_-_PNG_4.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821122\/22\/701x_Logo_-_Grey_AR_-_PNG_4.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821122\/5\/701x_Logo_-_Grey_AR_-_PNG_4.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260601037997\/en\/2821122\/21\/701x_Logo_-_Grey_AR_-_PNG_4.jpg\" \/><\/a><p>\nThe xTpro uses direct-to-satellite connectivity to deliver real-time herd alerts \u2014 out-of-fence, health, estrus, calving, and bull-not-mounting \u2014 straight to a rancher\u2019s phone.<\/p><ul class=\"bwlistdisc\">\n<li>\n<b>Profitability: <\/b>701x has achieved its first profitable month while directing the majority of its labor budget toward R&amp;D, including an overhaul of an acquired breed registry software platform and development of a feedlot management system.<\/li>\n<li>\n<b>Manufacturing: <\/b>Robotics and automation \u2014 rooted in CEO Kevin Biffert\u2019s background founding Fargo Automation and selling it to K\u00f6rber Medipak in 2017 \u2014 have reduced xTpro assembly costs by 75%, enabling high-quality, low-cost production at scale.<\/li>\n<li>\n<b>Global expansion: <\/b>Already live in Canada, 701x is on track to launch in Australia, New Zealand, Mexico, the United Kingdom, and Brazil before year-end.<\/li>\n<\/ul><p class=\"bwmarginl1\">\n<i>\u201cThe beef industry deserves better technology \u2014 not single-function tools, but a connected ecosystem targeting ranchers\u2019 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.\u201d\n<br\/><\/i><b>\u2014 Kevin Biffert, Founder &amp; CEO, 701x<\/b><\/p><p>\n<b>About 701x: <\/b>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 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.701x.com&amp;esheet=54545800&amp;newsitemid=20260601037997&amp;lan=en-US&amp;anchor=www.701x.com&amp;index=2&amp;md5=08a7c33a785f1b99d8a57f36fd6273b8\" rel=\"nofollow\" shape=\"rect\"><b>www.701x.com<\/b><\/a>.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nMax Cossette, CFO\u00a0 |\u00a0 <a  href=\"mailto:max.cossette@701x.com\" rel=\"nofollow\" shape=\"rect\">max.cossette@701x.com<\/a>\u00a0 |\u00a0 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.701x.com&amp;esheet=54545800&amp;newsitemid=20260601037997&amp;lan=en-US&amp;anchor=www.701x.com&amp;index=3&amp;md5=85586e2dcb8df94b8c70563394584038\" rel=\"nofollow\" shape=\"rect\">www.701x.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The only complete beef cattle technology ecosystem closes community-funded round \u2014 no venture capital or institutional involvement \u2014 backed by North Dakotans, Minnesotans, and rancher-users nationwide.FARGO, N.D.&#8211;(BUSINESS WIRE)&#8211;701x, a Fargo, North&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14845","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14845"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14845\/revisions"}],"predecessor-version":[{"id":14846,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14845\/revisions\/14846"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}