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$300m to ‘zero’: Blackbird-backed start-up stalls
Nick BonyhadyTechnology writer
Venture capital investors in $300 million self-driving car sensor start-up Baraja have written down their stakes to zero, leaving the Sydney-based company facing a grim future after mass redundancies and a staff exodus.
Baraja was once a doyenne of the deep tech sector that aims to commercialise original inventions, but its lead investor, Blackbird Ventures, has slashed its valuation to nil across several funds.
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