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- Morse Micro
Morse Micro Valuation, Funding & Investors
Morse Micro is valued at $331M as of September 2025.
Last Morse Micro valuation
$331M
Series C · Sep 2025
Last Morse Micro funding round
$58M
Series C · Sep 2025
Cumulative funding Morse Micro raised
$202M
across 7 funding rounds
Key investors in Morse Micro
Blackbird Ventures
Main Sequence Ventures
Uniseed
Skip Capital
Clean Energy Finance Corporation
Ray Stata
About Morse Micro
Morse Micro is a Sydney-based semiconductor company developing Wi-Fi HaLow chips for IoT connectivity. Its MM6108-EKB and MM6108-256M modules enable long-range, low-power links up to 1 km with 10 Mbps throughput in sub-1 GHz spectrum. Deployed in smart cities, agriculture, and industrial sensors, the technology partners with Telstra and Nordic Semiconductor for gateway solutions.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$331M (Sep 2025)
Morse Micro Valuation
Morse Micro is currently valued at $331M, based on its Series C in September 2025.
The $58M round was led by MegaChips, with participation from Malcolm, Blackbird Ventures, Main Sequence Ventures, Uniseed, NGS Super and 6 other investors.
Morse Micro valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series C | $331M |
Morse Micro Funding History
Morse Micro has raised a total of $202M across 7 funding rounds.
Morse Micro's first fundraising round was a $300K seed round in December 2016. The most recent completed round was a $58M Series C in September 2025.
Morse Micro funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series C | MegaChips (lead); Malcolm; Blackbird Ventures; Main Sequence Ventures; Uniseed; NGS Super; Hostplus; Ray Stata; Startmate; UniSuper; Lucy Turnbull; National Reconstruction Fund Corporation | $58M | $331M | Morse Micro, an Australian startup and the world’s leading provider of Wi-Fi HaLow silicon solutions, develops long-range, low-power Wi-Fi chips that cover 100 times the area of traditional Wi-Fi networks, enabling high-throughput, power-efficient connectivity for IoT 2.0 applications including industrial and consumer deployments, edge AI, and scalable IoT devices. The company announced mass production of its second-generation MM8108 System-on-Chip (SoC), modules, evaluation kits, and the HaLowLink 2 global evaluation platform, with expanded ecosystem partnerships, new reference designs, and production with leading OEMs. It employs over 130 people in Australia, including in regional New South Wales, supporting sovereign semiconductor design and innovation. On September 23, 2025, Morse Micro closed its Series C funding round, raising AU$88 million (US$59 million), led by MegaChips with participation from National Reconstruction Fund Corporation (NRFC, which invested AU$35 million), Blackbird Ventures, Main Sequence Ventures, Uniseed, Ray Stata, Malcolm, Lucy Turnbull, Startmate, Hostplus, NGS Super, and UniSuper. This brings total funding to over AU$290 million (US$193 million). The capital will accelerate international expansion, scale production of Wi-Fi HaLow chips, support the ecosystem shift to IoT 2.0, and prepare for the next growth phase, with MegaChips expressing confidence in public market potential. CEO Michael De Nil highlighted the funding as validation of their leadership in long-range, efficient IoT connectivity. |
| Nov 2022 | Series B | Telstra Super; HESTA; Uniseed; Venture Builders; NGS Super; Hostplus; Virescent Ventures | $20M | - | Morse Micro is a fabless semiconductor company founded in 2016 and headquartered in Sydney, Australia, specializing in Wi-Fi HaLow technology to reinvent Wi-Fi for Internet of Things (IoT) connectivity, offering low-power, long-range solutions for industrial IoT, smart homes, and other applications. The company has global offices in the UK, USA, China, Japan, Taiwan, India, and Australia, positioning it as the most well-funded Wi-Fi HaLow company worldwide with over $200M in total capital raised by late 2022. On November 28, 2022, Morse Micro announced a AU $30 million top-up to its Series B funding round, participated in by superannuation funds including Telstra Super, HESTA, Hostplus, NGS Super (managed by Blackbird Ventures), and UniSuper (managed by Uniseed), along with others such as Venture Builders and Virescent Ventures. This extension, referred to as Series B - II and amounting to $20.13M USD, brought the total Series B funding to AU $170 million following an initial AU $140 million raise in September 2022 led by MegaChips Corporation. The funds were intended to accelerate IoT connectivity, scale Wi-Fi HaLow technology demand, deepen product offerings, and support go-to-market strategies for chips and modules. The investment from major Australian super funds, which collectively manage over AU $275 billion, underscored their diversification into high-growth tech assets amid market uncertainty and highlighted growing traction for Wi-Fi HaLow solutions. CEO Michael De Nil emphasized the round's role in achieving market scale and leadership as adoption in the IoT ecosystem increased. |
| Sep 2022 | Series B | MegaChips (lead); SpringCapital Investment; Malcolm; Clean Energy Finance Corporation; Blackbird Ventures; Main Sequence Ventures; Uniseed; Lucy Turnbull; Skip Capital | $90M | - | Morse Micro is a fabless semiconductor company developing Wi-Fi HaLow technology to reinvent Wi-Fi for IoT applications, offering long-range, low-power connectivity solutions including SoCs, modules, software, and development tools with WPA3 security. In September 2022, it raised A$140 million in its Series B funding round led by MegaChips Corporation, with participation from Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm, Lucy Turnbull, and others. The investment aims to accelerate IoT connectivity advancements, ramp production and sales, and support market traction for Wi-Fi HaLow products amid growing ecosystem adoption. MegaChips' strategic partnership provides manufacturing and sales support to position Morse Micro for market scale and leadership in industrial IoT and wireless communications. A later Series B-II extension in November 2022 raised additional funds from superannuation investors, and a Series C in 2025 raised A$88 million. |
| Nov 2020 | Series A | Clean Energy Finance Corporation; Blackbird Ventures; Main Sequence Ventures; Ray Stata; Skip Capital | $13M | - | - |
| May 2019 | Series A | Main Sequence Ventures (lead); Ray Stata (lead); PAN Group Australia; Clean Energy Finance Corporation; Blackbird Ventures; Scott Farquhar; CSIRO; Uniseed; Skip Capital; Stoic VC; Right Click Capital | $17M | - | Morse Micro is an Australian fabless semiconductor company founded in 2016, headquartered in Sydney, specializing in Wi-Fi HaLow chips for IoT applications, enabling long-range, low-power connectivity for smart homes, sensors, industrial controls, and more. The company develops the industry's smallest, fastest, and lowest-power Wi-Fi HaLow compliant SoCs and modules, supporting over 8,000 devices per access point with high data rates. On May 28-31, 2019, Morse Micro closed a $23.8M Series A funding round co-led by Main Sequence Ventures and Ray Stata, with participation from Blackbird Ventures, Clean Energy Finance Corporation (Clean Energy Innovation Fund), CSIRO Innovation Fund, Right Click Capital, Skip Capital, Uniseed, Scott Farquhar, and others, totaling A$42 million. The funds supported mass production of its ultra-low-power Wi-Fi HaLow chip, doubling team size, and relocating headquarters to Sydney's CBD. Ray Stata, founder of Analog Devices, joined the board. |
| Oct 2017 | Seed | Main Sequence Ventures (lead); PAN Group Australia; Blackbird Ventures | $3M | - | Morse Micro, a Sydney-based fabless semiconductor company founded in 2016, develops Wi-Fi HaLow chips for long-range, low-power IoT connectivity. The company received seed funding from the Australian Government in 2017, recognized for its first Wi-Fi HaLow silicon chip enabling secure, long-distance smart device connections. This early support aligned with investors including Main Sequence Ventures, Blackbird Ventures, and others in its initial rounds. The October 30, 2017, Seed VC round involved Main Sequence Ventures as lead, alongside Blackbird Ventures and PAN Group Australia, though specific amount raised and valuation details are not disclosed in sources. Subsequent rounds built on this foundation, with Series A in May 2019 raising A$42 million from investors including Clean Energy Innovation Fund, CSIRO Innovation Fund, Blackbird Ventures, Main Sequence Ventures, and others. By September 2022, Series B reached A$140 million led by MegaChips, extending to A$170 million. |
| Dec 2016 | Seed | Thomas Rice; Startmate | $300K | - | - |
Who has invested in Morse Micro?
25 investors have backed Morse Micro across its funding rounds, including Blackbird Ventures, Main Sequence Ventures, Uniseed, Skip Capital, Clean Energy Finance Corporation and Ray Stata.
Lead investors include MegaChips, Main Sequence Ventures and Ray Stata.
Morse Micro Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Oct 2017 | ||
| 5 | Lead | Oct 2017 | ||
| 4 | Participant | May 2019 | ||
| 3 | Participant | May 2019 | ||
| 3 | Lead | May 2019 | ||
| 3 | Participant | May 2019 | ||
| 2 | Participant | Sep 2022 | ||
| 2 | Participant | Oct 2017 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Lead | Sep 2022 | ||
| 2 | Participant | Dec 2016 | ||
| 2 | Participant | Sep 2022 | ||
This data is available for Pro users. Sign up to see all 25 Morse Micro investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMorse Micro Competitors
Morse Micro competitors include listed companies like Lantronix and Ependion, and private ones like StarTower, Bouffalo Lab, proteanTecs and Xinsheng Semiconductor.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $300M | - | ||
| Private | - | - | $515M | - | ||
| Private | $60M | - | $600M | 10.0x | ||
| Publicly listed | $121M | ($872K) | $272M | 1.8x | ||
| Private | - | - | $456M | - | ||
| Publicly listed | $228M | $64M | $490M | 2.1x |
Morse Micro Public Comps
Morse Micro is still privately-owned, but its public comps include Saudi Cable, Thaicom, Ericsson Nikola Tesla, Gorilla Technology Group, Everspin, Ribbon Communications, Soracom, Rapac, SemiFive and Comba Telecom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42M | - | 8.6x | - | - | - | |||
| $74M | $21M | 4.6x | 4.8x | 16.4x | 11.6x | |||
| $275M | $30M | 1.0x | 0.9x | 9.2x | 9.1x | |||
| $101M | ($12M) | 2.6x | 1.5x | (21.4x) | 20.9x | |||
| $55M | $1M | 5.8x | 4.6x | 287.9x | 24.0x | |||
| $845M | $60M | 0.8x | 0.8x | 10.9x | 7.3x | |||
| $80M | $6M | 3.1x | 3.1x | 39.7x | 31.6x | |||
| $262M | $11M | 2.1x | - | 51.7x | - | |||
This data is available for Pro users. Sign up to see all Morse Micro competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Morse Micro
| When was Morse Micro founded? | Morse Micro was founded in 2016. |
| Where is Morse Micro headquartered? | Morse Micro is headquartered in Sydney, Australia. |
| Is Morse Micro publicly listed? | No, Morse Micro is a private, VC-backed company. |
| What is Morse Micro's valuation? | Morse Micro was last valued at $331M in its Series C in September 2025. |
| How much funding has Morse Micro raised? | Morse Micro has raised $202M across 7 funding rounds. |
| What was Morse Micro's last funding round? | Morse Micro's last funding round was a $58M Series C in September 2025, led by MegaChips. |
| Who are Morse Micro's investors? | Morse Micro's investors include Blackbird Ventures, Main Sequence Ventures, Uniseed, Clean Energy Finance Corporation, Ray Stata, Skip Capital, Malcolm, PAN Group Australia, NGS Super, Hostplus and 15 others. |
| Which companies are comparable to Morse Micro? | Companies comparable to Morse Micro include StarTower, Bouffalo Lab, proteanTecs, Lantronix, Xinsheng Semiconductor and Ependion. |
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