Morse Micro, a fabless semiconductor company specializing in Wi-Fi for Internet of Things (IoT), has raised $140 million in Series B VC funding.
The VC funding round was led by MegaChips Corporation, an ASIC and SoC services company based in Japan, with participation from existing investors including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm and Lucy Turnbull and others.
Morse Micro intends to use the capital raised to achieve unprecedented scale and demand for its Wi-Fi HaLow technology. It will focus on deepening its offerings, including the design of new solutions, while accelerating the go-to-market strategy for its existing Wi-Fi HaLow chips and modules.
Wi-Fi HaLow is the first Wi-Fi standard tailored to meet the needs of the IoT, making it a superior alternative to traditional Wi-Fi alternatives and many other wireless technologies.
MegaChips, the leading partner for the funding, will not only manufacture Morse Micro’s IEEE 802.11ah compliant semiconductors and modules but also provide quality assurance, sales support and new distribution channels that will deliver scale across the region.