Australian semiconductor company Morse Micro has raised $88 million AUD — equal to approximately $58 million USD — in a Series C funding round led by MegaChips. Additional participation came from the National Reconstruction Fund Corporation, Blackbird, Main Sequence, Uniseed, Ray Stata and Malcolm and Lucy Turnbull, among others.
According to a news release from Morse Micro, the funding will be used to expand international operations and support the development of new technologies in line with the growing shift toward IoT 2.0, characterized by more standardized, scalable and long-range IoT systems.
The news comes just ahead of the announcement of HaLowLink 2, Morse Micro’s new evaluation platform for Wi-Fi HaLow technology.
This latest round brings the company’s total funding to over $290 million AUD, or $191 million USD.
