Morse Micro, the Australian start-up reinventing Wi-Fi for the Internet of Things (IoT), has secured $13 million (AU $18) in additional funding. New and existing investors, including Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata participated in the funding, taking the total Series A funding round to $30 million (AU $42). This additional investment enables Morse Micro to expand its product and technology development teams, both in Sydney and internationally. It will also allow the company to expand into emerging applications and continue developing its innovative wireless solutions.
Morse Micro is an Australian semiconductor company and creator of the Wi-Fi HaLow chip - an ultra-low-power, long-range and secure Wi-Fi chip specifically designed for IoT environments. Its team includes original inventors of Wi-Fi and designers of the world's first Wi-Fi chipset now used in billions of devices. Working closely with customers, Morse Micro is solving today’s IoT connectivity challenges by unlocking the true benefits of Wi-Fi HaLow.
Michael De Nil, co-founder and CEO at Morse Micro feels now’s the time to redesign connectivity; imagine a world without power cords, spotty connectivity, or empty batteries. They are at an exciting inflection point for Wi-Fi HaLow, they are both ramping up and expanding their teams in order to be a major force in the industry. This investment is a great validation of their technology and their team from their investors during so much uncertainty around the world.
Ray Stata, American entrepreneur, engineer, and investor exclaimed that today’s Internet of Things deployments face a myriad of connectivity challenges. They are seeing a continued interest in overcoming existing solutions shortcomings, and ultra-long-range, ultra-low power, and massive capacity Wi-Fi HaLow represent a major opportunity for Morse Micro. By investing in Morse Micro, they are enabling the leaders and innovators of Wi-Fi HaLow. The stellar management team’s vision and accomplishments have had a major impact on the Wi-Fi industry, and they expect much more from Morse Micro in the future as they unleash the full potential of Wi-Fi HaLow.
