Announcement posted by LegalVision 02 Apr 2021
LegalVision has advised Baraja, the maker of LiDAR for autonomous vehicles, on its $40 million funding round. The round was led by Blackbird Ventures, with Main Sequence Ventures (the deep tech venture capital arm founded by national science body CSIRO) returning for this round. A number of new investors also joined, including Regal Funds Management, InterValley Ventures and industry superannuation fund HESTA.
Baraja develops innovative technology for navigation in self-driving vehicles by rendering precise images of their surroundings. The company is also now deploying its technology to customers in the mining industry, including Japan’s Hitachi Construction Machinery - who also invested in this round.
The Sydney-based company will be using the funds from this round for hiring and to accelerate the development of its LiDAR technology. Baraja has now raised $90 million since it was founded in 2015.
The LegalVision team was led by practice leader Jill McKnight, who was assisted by lawyer Sophie Mao.
Ms McKnight commented: “Like so many fantastic Australian startup success stories, Baraja started in a garage. Today, the company is attracting the attention of many global car manufacturers and construction companies. Having joined their journey with their angel and seed rounds, we were delighted to work with Federico and Cibby again on closing this funding round.”
“Our funding will allow us to supercharge our hiring to more than 150 employees and also bring our technology to many more global customers,” said Federico Collarte, Baraja co-founder and CEO.
“We were very pleased to work with Jill and the LegalVision team again. They have been with us since the beginning and we’re always impressed with their technical expertise and how they apply it to a complex negotiation.”
– End – Media Contact: Anthony Lieu (Head of Marketing – LegalVision) 1300 544 755 About LegalVision LegalVision is a market disruptor in the commercial legal services industry. Their innovative business model and custom-built technology assist their lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision is a leader in delivering legal services in Australia and New Zealand and has assisted more than 150,000 businesses. The firm was named the fastest growing law firm in the Asia-Pacific by the Financial Times.