– Australian lidar agency Baraja stated on Wednesday it had raised $31 million in a brand new funding spherical from traders together with Blackbird Ventures and Hitachi Development Equipment.Based in 2016, Sydney-based Baraja is one among the many many lidar startups that provide a key know-how for navigation in self-driving autos by rendering exact photos of their environment. The know-how has attracted large investments from automakers globally.
Baraja, which didn’t disclose its valuation after the spherical, stated the funds can be used for hiring and to speed up the event of its lidar know-how.
The spherical additionally included participation from Regal Funds Administration and InterValley Ventures, an Australia-based enterprise capital fund anchored by an affiliate of Mizuho Monetary Group.
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