Australia-headquartered fabless semiconductor house, Morse Micro has raised $140M in Series B Funding, which was led by Japan-based MegaChips Corporation. Current investors like Blackbird Ventures, Clean Energy Finance Corporation, Lucy Turnbull, Main Sequence Ventures, Malcolm, Skip Capital, SpringCapital, and Uniseed also participated in the round.
Tetsuo Hikawa, President and CEO of MegaChips Group, stated: “MegaChips pursues strategic partnerships and investments with promising startups like Morse Micro that have innovative ideas, cutting-edge applications and are expanding their businesses in areas such as industrial IoT, wireless communications and energy control.”
Morse Micro’s co-founder and CEO, Michael De Nil said, “With MegaChips’ financial backing and robust manufacturing and sales support, Morse Micro will be poised to achieve our goal of revolutionizing IoT connectivity with our growing portfolio of Wi-Fi HaLow SoCs, modules, software and development tools.”
While Morse Micro is developing Wi-Fi HaLow solutions for the Internet of Things (IoT), MegaChips is a major ASIC and SoC services company, established back in 1990. Morse Micro believes that this Strategic Partnership with MegaChips will help it speed up the IoT project and revolutionize the Wi-Fi HaLow Technology.
Hopeful about the future, Michael De Nil further stated, “With growing market traction for Wi-Fi HaLow-compliant solutions in the IoT ecosystem, we’re at an exciting inflection point. MegaChips shares our vision to revolutionise connectivity and build enduring Wi-Fi HaLow solutions for the future. We are delighted to partner with them, and for the support we’ve had from all of our investors, as we take the next step forward in our company’s journey toward market scale and leadership.”