MORSE MICROELECTRONICS SECURES $140M SERIES B FUNDING TO ACCELERATE IOT CONNECTIVITY AND TRANSFORM THE FUTURE OF DIGITAL TECHNOLOGY

Strategic partnership with Megachips accompanied by investment will usher in a new era of Wi-Fi HaLow technology

September 7, 2022 — Sydney, Australia — Morse Microelectronics, the fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), today announced a $140 million Series B financing. The round was led by MegaChips Corporation, a leading Japanese application-specific integrated circuit (ASIC) and system-on-chip (SOC) services company, with existing investors Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, Malcolm and Lucy Turnbull and others also participated in the investment.

Morse Microelectronics plans to use the funds raised to realize the unprecedented scale and demand for Wi-Fi HaLow technology to revolutionize our digital future. Morse Microelectronics will focus on deepening the product, including designing new solutions, while accelerating the go-to-market strategy for existing Wi-Fi HaLow chips and modules.

Accompanying the investment is a strategic business partnership with MegaChips, which will usher in a new era for Wi-Fi HaLow throughout East Asia. In addition to assisting Morse Microelectronics in the production of IEEE 802.11ah compliant semiconductors and modules, MegaChips will provide quality assurance, sales support and new distribution channels for scale across the region. The two companies will also conduct joint sales and promotion activities to expand the market for Wi-Fi HaLow solutions.

Michael De Nil, co-founder and CEO of Morse Microelectronics, said: “With the financial backing of MegaChips and strong production and sales support, Morse Microelectronics will continue to grow through the growing Wi-Fi HaLow Combination of SOCs, modules, software and development tools to achieve the goal of revolutionizing IoT connectivity. We are at an exciting inflection point as the market demand for Wi-Fi HaLow compliant solutions in the IoT ecosystem continues to grow. MegaChips and our Shared vision to revolutionize connectivity and build durable Wi-Fi HaLow solutions for the future. Morse Microelectronics is excited to partner with MegaChips and thank all investors for their support in moving towards market scale and leadership on the road to the next stage.”

Since launching its products in 2016, Morse Microelectronics has focused on long-range, low-power wireless connectivity. Today, its product portfolio includes the industry’s smallest, fastest, lowest power, Wi-Fi HaLow compliant SoCs and modules. From consumer to commercial, from industry to agriculture, Morse Microelectronics applications cover the entire IoT ecosystem, Wi-Fi HaLow enables wirelessly connected devices to achieve 10 times the distance, 100 times the range and 1000 times the distance of traditional Wi-Fi networks. times the capacity.

Tetsuo Hikawa, President and CEO of MegaChips Group, said: “MegaChips seeks to form strategic partnerships and invest in promising start-ups such as Morse Microelectronics, which have innovative ideas, cutting-edge applications and are expanding the Industrial Internet of Things. , wireless communications and energy control. Morse Microelectronics’ visionary management team has had a huge impact on the Wi-Fi industry, and we hope that through joint efforts to increase the production and sales of flagship Wi-Fi HaLow products, achieve More great achievements.”

Epilogue

Editor’s Note: What is Wi-Fi HaLow?

Wi-Fi HaLow is the first Wi-Fi standard tailored to meet the needs of the Internet of Things and is an excellent alternative to traditional Wi-F and many other wireless technologies.

Wi-Fi HaLow offers a unique combination of features and benefits unmatched by other wireless technologies:

  • Longer connection distances: Using lower frequencies to better penetrate walls and obstacles, Wi-Fi range extends beyond 1km from the access point
  • More power saving: Ultra-low power consumption allows IoT devices to run on battery for years
  • Easier to use: No proprietary hubs or gateways required, a single access point supports over 8,000 IoT devices
  • More secure: Full support for the most advanced security protocols including WPA3

The Links: AC2251

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