This is the second tranche of funding Morse Micro has raised in its Series A round which started in 2019. This brings the total investment to AU$42m or US$30m for its HaLow technology
New and existing investors include Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata participated in the funding.
Morse Micro has developed a WiFi HaLow chip for IoT environments and the company will use the latest funding to expand its product and technology development teams, both in Sydney and internationally. It will also allow the company to expand into emerging applications.
WiFi HaLow is a wireless networking protocol, written as an extension to the IEEE802.11 standard, that's intended to operate at low power and longer range than WiFi at 2.4, 5 and 6GHz. The IEEE802.11ah extension was announced and published in 2016. The extension uses the license-free ISM band around 900MHz which allows HaLow to compete with Bluetooth but with higher data rates and wider coverage.
The company's founders Michael De Nil, CEO, and Andrew Terry, CTO, both gained experience as WiFi chip designers at Broadcom and elsewhere.
"Australia is the home of original WiFi inventors. Our goal now is to revolutionize the Internet of Things, similar to the way Wi-Fi revolutionized computers and laptops," said De Nil, in a statement. "We're at an exciting inflection point for WiFi HaLow. We're both ramping up and expanding our teams in order to be a major force in the industry."
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