Australia’s largest semiconductor maker Morse Micro has pocketed $30 million from a handful of superannuation funds to top up its giant $140 million Series B funding that wasTelstraSuper, HESTA, Hostplus and NGS and UniSuper participated in the round, which will allow the chipmaker to accelerate its growth, with the goal of getting its chips into as many new devices as possible.
“We weren’t really looking for more money, but it’s fantastic to get [these investors]. Especially the superannuation funds, it’s money from the average working Australian and being able to bring them in is just fantastic,” Mr de Nil said., which contributed $100 million of the Series B round two months ago.
“There was some interest already from some of those institutional investors. We decided to just close that round and then further explore a top-up round,” Mr de Nil said.Mr de Nil said the new cash would help the company accelerate the manufacture and distribution of its energy efficient, long-range WiFi HaLow chips, by investing in its sales and customer support teams and recruiting more senior and graduate engineers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Left-wing parties could hold power in Victoria’s upper houseMicro parties tied to the so-called ‘preference whisperer’ Glenn Druery were performing poorly in the early count of upper house votes on Sunday afternoon | heyracheddie heyracheddie
Source: theage - 🏆 8. / 77 Read more »
Meet the man hoping to bring bureaucracy into the 21st centuryOpening up government to enable authentic, community level engagement is part of large public sector modernisation program that professor Glyn Davis is pushing.
Source: FinancialReview - 🏆 2. / 90 Read more »
Famous chocolate bar's maker says new packaging 'something consumers expect'In a bid to avoid excess plastic waste, Australian confectionary brand Mars Wrigley is switching to paper packaging, with the transition starting next year. Not the best colour scheme though. A mars a day helps you work, recycle and play
Source: abcnews - 🏆 5. / 83 Read more »
Inside the 'black economy' where Australians' stolen data is selling for $1ABC Investigation uncovers large swathes of confidential material widely available on the open internet, ranging from sensitive contracts to privileged legal advice about a student's death. No shit!! And they want everything to go digital, absolutely crazy. Not to mention all the control these elites want. Thank goodness Google is publishing these crimes or we wouldn't know what organisations have lousy data protection. Why are you suggesting they are complicit in the crime? Instead of just repeatedly reporting that our mygov details have been stolen and are being sold in the 'black economy', it would nice if the ABC could tell us something about the theft - when it happened, etc. We've had no notification from myGovau about any data breaches.
Source: abcnews - 🏆 5. / 83 Read more »
‘Everyone was completely terrified’: the British film-maker who helped Ukrainian crew escape warArt reflected life when Hugh Welchman of Breakthru Films started work on an animation of The Peasants, set during Russia’s occupation of Poland
Source: GuardianAus - 🏆 1. / 98 Read more »
Kiwis locked out during pandemic urged to use their vote against ArdernNew Zealand opposition MPs are touring cities around the world with large expat communities to persuade people to make Labour pay for its COVID-19 policies that locked them out during the pandemic. Kiwis who wWaka jumped to Australia need to remember where their pension will come from. It won’t be the Australian government!
Source: brisbanetimes - 🏆 13. / 67 Read more »