Morse Micro (Sydney, Australia), a developer of Wi-Fi HaLow chips for the Internet of Things (IoT) market, has raised an additional AU $18 million (about US$13 million) for its Series A.
The first tranche of Series A was raised in 2019 and the latest funding brings the Series A total to AU $42 million (about US$30 milion). New and existing investors, including Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata participated in the funding.
Morse Micro has developed a Wi-Fi HaLow chip for IoT environments and said it will use the money to expand its product and technology development teams, both in Sydney and internationally. It will also allow the company to expand into emerging applications.
Wi-Fi 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 Wi-Fi. The IEEE802.11ah extension was announced and published in 2016. The extension uses the license-free ISM band around 900 MHz rather than the 2.4, 5 and 6 GHz bands used by conventional Wi-Fi. In theory, the lower power consumption allows HaLow to compete with Bluetooth but with higher data rates and wider coverage.