Morse Micro raises $140m Series B

Author: EIS Release Date: Sep 15, 2022

Morse Micro from Sydney, Australia, a HaLow Wifi specialist, today announced $140 million in Series B funding.

 

The round was led by MegaChips Corporation, a leading ASIC and SoC services company based in Japan, with participation from existing investors including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm and Lucy Turnbull and others.

 

Morse Micro intends to use the capital raised to revolutionize our digital future by achieving unprecedented scale and demand for its Wi-Fi HaLow technology.

It will focus on deepening its offerings, including the design of new solutions, while accelerating the go-to-market strategy for its existing Wi-Fi HaLow chips and modules.

 

A strategic business partnership with MegaChips accompanies the investment and will usher in a new era for Wi-Fi HaLow across East Asia.

 

In addition to manufacturing Morse Micro’s IEEE 802.11ah compliant semiconductors and modules, MegaChips will provide quality assurance, sales support and new distribution channels that will deliver scale across the region.

 

The two companies will also engage in joint sales and promotion activities to grow the market for Wi-Fi HaLow solutions.