IM 2021 September 21 | Page 59

AUTONOMY SENSORS
Baraja says its Spectrum-Scan™ LiDAR is built to provide the long-term reliability , resolution , range and automotive-grade features needed to reach Level 4 autonomous driving
units in the field , which have proven a significant challenge for autonomous operations . Current AHS has succeeded in removing the driver from trucks ; the next generation will replace the driver entirely .”
Hitachi invests in Baraja
Looking at the latest generations of LiDAR sensors entering mining , Baraja recently raised A $ 40 million in a new funding round to accelerate development of its breakthrough Spectrum-Scan™ LiDAR technology . Baraja ’ s LiDAR sensors are higher performance and more reliable than legacy LiDAR systems , and enable the safe rollout of autonomous vehicles sooner . The latest capital raising was led by Blackbird Ventures and includes new strategic investment from Hitachi Construction Machinery .
Hitachi ’ s strategic investment comes after a two – year partnership to validate Baraja ’ s Spectrum-Scan™ sensors in real-world scenarios that prove the technology ’ s reliability in harsh environments . The investment will support an expanded rollout of the sensor in mining , construction & industrial vehicle use cases , and help road test the products for future autonomous vehicles .
Additional participants in the capital raising include returning investor Main Sequence Ventures , the venture arm founded by CSIRO , alongside new investors Regal Funds Management , Perennial Value Management , superannuation fund HESTA and InterValley Ventures , an Australian based venture capital fund anchored by the Mizuho Financial Group via its affiliate New Frontier Capital Management .
The new capital will be used to expand Baraja ’ s team and accelerate the development of LiDAR technology for automotive – grade use in self – driving vehicles . Baraja has validated the technology in numerous settings through partnerships with Tier 1 suppliers , mining operators and researchers such as Australia ’ s national science agency CSIRO and Taiwan ’ s renowned Industrial Technology Research Institute ’ s ( ITRI ) intelligent mobility division .
Baraja says its Spectrum-Scan™ LiDAR is “ built to provide the long-term reliability , resolution , range and automotive-grade features needed to reach Level 4 autonomous driving . The pioneering technology completely rethinks environment scanning for autonomous vehicles , exploiting the wavelength properties of light to steer lasers through a prism in order to better detect objects at range . Spectrum-Scan™
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