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 will enable the company to expand its product and technology development teams, both in Sydney and internationally. It will also allow it 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.
The company says that its team includes the original inventors of Wi-Fi and designers of the world’s first Wi-Fi chipset.