Chipping in: Morse Micro raises $24m as it taps next Wi-Fi revolution
Summary
Australian startup Morse Micro has secured almost $24 million in funding to take its HaLow chips to the mass market as it looks to revolutionise Wi-Fi for the internet of things. Investors include the private investment fund for Atlassian co-founder Scott Farquhar, Skip Capital, headed by Kim Jackson, Blackbird Ventures, Ray Stata and Main Sequence Ventures’ CSIRO Innovation Fund, Right Click Capital, Uniseed, and the Clean Energy Innovation Fund. Founders Andrew Terry and Michael De Nil launched the startup in 2016 after meeting at networking chip giant Broadcom developing the Wi-Fi chips that go into the Apple iPhone and Samsung Galaxy. "Wi-Fi has been around for a while and it is all about getting faster, but we saw an opportunity to really go after the internet of things market where you need a reliable connection and longer range with lower power," Mr De Nil said.