Morse Micro, which is reinventing Wi-Fi technology for the Internet-of-Things (IoT), has raised an extra $18 million in its Series A to take the total round to $42 million.
The Sydney deep tech venture, founded in 2016, has some of original inventors of Wi-FI in the team and will use the funds to expand its product and technology development teams and expand into emerging applications.
New and existing investors, including Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata backed the round.
The semiconductor company has created Wi-Fi HaLow chip; an ultra-low-power, long-range and secure Wi-Fi chip for IoT environments.
Co-founder and CEO Michael De Nil said they were redesigning connectivity.
“Imagine a world without power cords, spotty connectivity, or empty batteries. We’re at an exciting inflection point for Wi-Fi HaLow, we’re both ramping up and expanding our teams in order to be a major force in the industry,” he said.
Ray Stata, the American entrepreneur, engineer, and investor said there were a range of connectivity challenges to deploying IoT devices.
“We are seeing a continued interest in overcoming existing solutions shortcomings, and ultra-long-range, ultra-low power, and massive capacity Wi-Fi HaLow represents a major opportunity for Morse Micro,” he said.
By investing in Morse Micro, we 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 we expect much more from them in the future as they unleash the full potential of Wi-Fi HaLow.”
Morse Micro is based at Cicada Innovations in Sydney.