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 was announced in September.
TelstraSuper, HESTA, Hostplus and NGS (managed by Blackbird Ventures) and UniSuper (managed by Uniseed) 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.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
