Oshkosh Corporation invests in LiDAR technology company Baraja
Oshkosh Corporation (NYSE OSK), a leading innovator of purpose-built vehicles and equipment, is pleased to announce that it has invested in Baraja Pty, Ltd., an Australia-based startup that develops differentiated LiDAR solutions. The Oshkosh investment in Baraja supports the company’s dedication to innovating solutions that enhance and differentiate its product portfolio in the areas of active safety and autonomy.
Baraja is developing high-performance LiDAR technology that is more capable and reliable than legacy LiDAR systems, for use in harsh environments. One of Baraja’s unique enablers is the use of prism-like optics instead of mechanical steering to scan the environment in a solid-state fashion, resulting in a high-quality pointcloud for use in self-driving vehicles and equipment.
Australian lidar firm Baraja raises $31 million in funding
Australian lidar firm Baraja said on Wednesday it had raised $31 million in a new funding round from investors including Blackbird Ventures and Hitachi Construction Machinery.
Baraja, which did not disclose its valuation after the round, said the funds will be used for hiring and to accelerate the development of its lidar technology.