Sydney, Australia-based fabless semiconductor company, advancing Wi-Fi for the Internet of Things (IoT), Morse Micro, raised an additional AU$ 30 million. The company announced the Series B round on November 28, 2022. TelstraSuper, HESTA, Hostplus, NGS (managed by Blackbird Ventures) and UniSuper (managed by Uniseed) joined in the funding for the firm.
So far, the company’s total Series B Funding stands at AU$ 170 million. Earlier in September, the company raised AU$ 140 million in the initial Series B round.
Purpose of funding for Morse Micro
With the additional funding, Morse Micro aims to further accelerate IoT connectivity.
It seeks to achieve unprecedented scale and demand for its Wi-Fi HaLow technology. The said technology solution is for the Internet of Things (IoT) market that can reach 10-times the range of traditional Wi-Fi networks.
What the co-founder has to say
Michael De Nil, co-founder and chief executive officer at Morse Micro, said, “We’re thrilled to have these distinguished institutional investors with us on the journey to revolutionise our digital future. The substantial investment from these leading superannuation funds demonstrates a belief in our vision to revolutionise IoT connectivity.”
He further added, “Above all, this investment comes at a time when traction for Wi-Fi HaLow is growing, and Morse Micro is building enduring Wi-Fi HaLow solutions for the future. As part of our Series B round, this funding top-up is a cornerstone investment in our company’s journey toward market scale and leadership.”
What the investor has to say
Robyn Denholm, operating partner at Blackbird Ventures, commented, “We continue to be impressed by the team at Morse Micro. From the very beginning Michael and Andrew have had an unwavering focus on building a great team and developing game-changing chips for the Wi-Fi HaLow revolution. We are extremely pleased to be able to further our support for Morse Micro on behalf of our investors.”
About the company
Andrew Terry and Michael De Nil brought the company into existence in 2016. The Australia-based company deals in fabless semiconductors developing Wi-Fi HaLow solutions for the Internet of Things (IoT) market. The company boasts a global presence with offices in China, India, the U.K. and the U.S.
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