Backed by global investors, Morse Micro secures AU$88 million to boost its tech ‘Wi-Fi HaLow’, scaling production and driving the shift to smarter, long-range IoT 2.0.
Morse Micro has secured AU$88 million (US$59 million) in Series C funding, strengthening its position as a global leader in Wi-Fi HaLow technology. This brings the Australian semiconductor firm’s total funding to more than AU$290 million (US$193 million).
The round was led by Japanese chipmaker MegaChips, with backing from the National Reconstruction Fund Corporation, Blackbird, Main Sequence, Uniseed, Startmate, and institutional investors including Hostplus, NGS and UniSuper. High-profile individual investors Ray Stata, Malcolm, and Lucy Turnbull also participated.
The capital will be used to scale production of Morse Micro’s Wi-Fi HaLow chips, expand its global footprint, and push forward the industry shift to ‘IoT 2.0’. This new phase of the Internet of Things is defined by long-range, high-throughput, and low-power connectivity for smarter, more autonomous devices.
Michael De Nil, chief executive and co-founder, said the investment affirms Morse Micro’s ambition to be the leading wireless IoT chip company worldwide. “The future of IoT depends on connectivity that is long-range, power-efficient and secure. That’s exactly where we’re leading,” he said.
Meanwhile, the funding follows the company’s launch of its second-generation MM8108 System-on-Chip, entering mass production with Taiwan Semiconductor Manufacturing Company (TSMC), unveiling new evaluation kits, and releasing HaLowLink 2, its upgraded developer platform.
MegaChips president Tetsuo Hikawa said the partnership underlines confidence in Wi-Fi HaLow’s market readiness. Morse Micro is uniquely positioned to accelerate the adoption of next-generation IoT solutions. The time for Wi-Fi HaLow is now, he said.
National Reconstruction Fund Corporation chief executive David Gall added that the deal strengthens Australia’s semiconductor sector and builds sovereign capability in advanced chip design.
Morse Micro employs over 130 staff locally, including in regional New South Wales.
