Sydney-based innovator Morse Micro is developing Wi-Fi HaLow silicon chips that use a fraction of the power consumed by traditional Wi-Fi chips and offer long-range, secure Wi-Fi for Internet of Things (IoT) technologies.
Morse Micro was founded in 2016 by technology infrastructure engineers Andy Terry and Michael De Nil, who have a background in smartphone chip development. The specialist technology offers a range of benefits which can reduce energy use and increase efficiency.
Through the Clean Energy Innovation Fund, the CEFC invested $1.8 million in Morse Micro as part of its $23.8 million Series A capital raising in May 2019.
The capital raising is helping bring the Wi-FI HaLow chips to mass production and commercialisation as the company develops the technology for a global market.
CSIRO-backed Main Sequence Ventures co-led the capital raising, with world-renowned leader in the semiconductor space Ray Stata. Blackbird Ventures, Skip Capital, Right Click Capital and Uniseed also subscribed.
National, Innovation Fund, Energy efficiency