Morse Micro, a global leader in Wi-Fi HaLow silicon solutions, has closed its Series C funding round, raising $59 million (AUD $88 million). The round was led by MegaChips with participation from the National Reconstruction Fund Corporation (NRFC), Blackbird, Main Sequence, Uniseed, Ray Stata, Malcolm and Lucy Turnbull, Startmate, and institutional investors including Hostplus, NGS, and UniSuper. With this latest round, Morse Micro’s total funding has surpassed $193 million (AUD $290 million)…
The new capital will accelerate the company’s international expansion, scale production of Wi-Fi HaLow chips, and support the industry’s transition to IoT 2.0, defined by high-throughput, long-range, and highly scalable connectivity for next-generation IoT devices.
“This funding is another strong vote of confidence in our mission to be the number one wireless IoT chip company in the world,” said Michael De Nil, CEO and co-founder of Morse Micro. “The future of IoT depends on connectivity that is long-range, power-efficient, secure and delivers on throughput, and that’s exactly where we’re leading. With this raise, we are accelerating our expansion and preparing for the next phase of our company’s growth.”
The Series C round follows a year of significant milestones for Morse Micro and the broader Australian semiconductor sector. The company is launching HaLowLink 2, its next-generation evaluation platform, alongside a second-generation System-on-Chip (SoC), expanded partnerships, new reference designs, and mass production with major OEMs. These advances reinforce Morse Micro’s pivotal role in scaling IoT beyond proofs-of-concept into widespread industrial and consumer applications.
“We are proud to continue our support for Morse Micro as it leads the global transition to IoT 2.0. For a number of years, we have worked in partnership with Morse Micro to increase production and sales of its flagship Wi-Fi HaLow products. This investment reflects our belief that the time for Wi-Fi HaLow is now,” said Tetsuo Hikawa, President and CEO of MegaChips Group. “Morse Micro is uniquely positioned to accelerate the adoption of next generation IoT solutions. We are confident this investment positions the team and technology for international leadership and future success on the public markets.”
“Morse Micro is Australia’s largest semiconductor manufacturer and a home-grown Australian success story. Wi-Fi was invented and patented by CSIRO scientists in 1993, and we are proud to be investing in an Australian company that is once again enabling next generation Wi-Fi connectivity for the rest of the world,” said National Reconstruction Fund Corporation CEO David Gall. “Morse Micro employs over 130 people in Australia, including employees in regional New South Wales, and our investment will diversify the Australian economy, strengthen the nation’s sovereign manufacturing capability, and build local expertise in semiconductor design and innovation.”
