Wi-Fi potential a hit with Morse Micro investors
Morse Micro is on the verge of bringing its long-range Wi-Fi chip to market, securing an additional $US13 million ($17 million) in funding from heavyweight investors falling over themselves to back the technology.
The Sydney-based startup’s ‘HaLow’ Wi-Fi chip, on track to launch next year, is low-power, long-range and specifically designed for Internet of Things (IoT) environments, where large number of sensors connected to the internet work together to deliver a service. The coronavirus pandemic has seen an increased interest in Wi-Fi technology, which powers wireless internet connections.
“Wireless connectivity has never been more important than right now, everyone’s working from home, everyone’s been buying new Wi-Fi equipment to get that reliable connectivity,” Morse Micro co-founder Michael De Nil said. “The demand has definitely gone up for this type of technology.”
The additional funding secured by Morse Micro comes from new and existing investors, including venture capital firm Blackbird Ventures, the CSIRO’s venture arm Main Sequence Ventures, Scott Farquhar and Kim Jackson’s investment vehicle Skip Capital, the Clean Energy Innovation Fund and American investor and entrepreneur Ray Stata.