# Baraja

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baraja-pty

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Australia
- Website: www.baraja.com
- Total disclosed funding: $63M
- Latest round: Series B (Mar 24, 2021)
- Investors on record: 8

## About

Based in Australia, Baraja Pty Ltd. operates as a leading developer of advanced LiDAR technology, focusing on the automotive sector and offering innovative solutions for autonomous vehicle systems.Baraja Pty Ltd. specializes in advanced LiDAR systems, aiming to enhance environmental scanning for self-driving vehicles. Founded in 2016 in Australia by Cibby Pulikkaseril and Federico Collarte, the company has undergone strategic shifts to refine its technology offerings. With its headquarters in Sydney, Baraja has successfully raised AUD 40.00 mn in its latest funding round, led by Blackbird, contributing to a total of AUD 40.00 mn raised across five funding deals as of April 18, 2023.Baraja specializes in advanced LiDAR technology, with its core product being the Spectrum-Scan™ platform. This innovative solution uses a unique prism-based approach to scan environments, eliminating the need for traditional moving parts that can be fragile and unreliable. The Spectrum-Scan™ technology is designed to maximize the distance and accuracy of object detection, making it particularly suitable for self-driving vehicles that require precise environmental mapping. Baraja serves a diverse client base in the automotive sector, targeting manufacturers and technology developers focused on autonomous vehicle systems. The products are primarily marketed in North America, Europe, and Asia, catering to the increasing demand for reliable LiDAR solutions in the growing autonomous driving market.Baraja generated revenue of AUD 718,515.40 in the most recent year, 2021, with an EBITDA loss of AUD 10,357,107.20. The company generates revenue through strategic partnerships and direct B2B transactions with clients in the automotive industry, where clients purchase the Spectrum-Scan™ technology as part of their self-driving system integration. Transactions often involve a combination of initial product sales and ongoing support services tailored to specific client needs, ensuring seamless integration of the technology into their vehicles.In April 2023, Baraja Pty Ltd. raised an undisclosed amount of venture funding from new investor Oshkosh Corporation. The company plans to utilize this funding to further develop advanced LiDAR technology, enhancing its product offerings. Baraja is also aiming to expand into new markets, with a particular focus on increasing its presence in North America, Europe, and Asia over the next few years.

## Funding rounds

- Series B, Mar 24, 2021, $31M — HESTA, Blackbird, Regal Funds Management, Hitachi Construction Machinery Co., Ltd, InterValley Ventures, Main Sequence Ventures, Perennial Partners
- Series A, Jan 3, 2019, $32M — Hong Shan, Blackbird, Main Sequence Ventures
- Seed, Jun 1, 2016 — Blackbird

## Investors

- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed, Series A, Series B
- Hong Shan — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A, Series B
- HESTA — Series B
- Regal Funds Management — Series B
- Hitachi Construction Machinery Co., Ltd — Series B
- InterValley Ventures (https://capitalatlas.ai/funds/intervalley-ventures) — Series B
- Perennial Partners — Series B