Baraja, an Australia-based lidar technology developer, secured A$40m ($31m) in a series B round yesterday backed by Main Sequence Ventures, the venture firm set up by Commonwealth Scientific and Industrial Research Organisation.
Blackbird Ventures led the round, which also attracted building equipment supplier Hitachi Construction Machinery and superannuation fund Hesta.
Regal Funds Management, Perennial Value Management and InterValley Ventures, a local fund anchored by financial services group Mizuho Financial through its affiliate New Frontier Capital Management unit.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.