The Wi-Fi for IoT specialist's funding round was led was led by Japan-based ASIC and SoC services company MegaChips.

Existing investors including Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm and Lucy Turnbull also participated.

The funds will be used further develop Morse Micro's Wi-Fi HaLow technology, including the design of new solutions, and to accelerate its go-to-market strategy.

The strategic business partnership with MegaChips will see it manufacture Morse's IEEE 802.11ah compliant semiconductors and modules, as well as providing quality assurance, sales support and new distribution channels.

"With MegaChips' financial backing and robust manufacturing and sales support, Morse Micro will be poised to achieve our goal of revolutionising IoT connectivity with our growing portfolio of Wi-Fi HaLow SoCs, modules, software and development tools," said Morse Micro co-founder and CEO Michael De Nil.

"With growing market traction for Wi-Fi HaLow-compliant solutions in the IoT ecosystem, we're at an exciting inflection point. MegaChips shares our vision to revolutionise connectivity and build enduring Wi-Fi HaLow solutions for the future. We are delighted to partner with them, and for the support we've had from all of our investors, as we take the next step forward in our company's journey toward market scale and leadership."

MegaChips president and CEO Tetsuo Hikawa said "MegaChips pursues strategic partnerships and investments with promising startups like Morse Micro that have innovative ideas, cutting-edge applications and are expanding their businesses in areas such as industrial IoT, wireless communications and energy control.

"Morse Micro's visionary management team has had a tremendous impact on the Wi-Fi industry, and we expect more great accomplishments to come as we work together to ramp production and sales of their flagship Wi-Fi HaLow products."