After some quiet weeks of startup raises, we’ve seen some course correction on the funding entrance over the previous few weeks, and the pattern is constant.
The final week of September noticed $94.4 million raised throughout the tech, advertising and marketing, robotics and fleet areas. Main the cost was Morse Micro with $88 million in Sequence C.
Morse Micro: $88 million
Members of the Morse Micro crew at CES 2023. Supply: LinkedIn/Morse Micro
Sydney-based expertise firm Morse Micro leads this week’s funding round-up after securing $88 million in Sequence C funding for its long-range Wi-Fi chips.
The funding spherical was led by Japanese semiconductor designer MegaChips, which additionally led Morse Micro’s $140 million Sequence B spherical in September 2022, and consists of $35 million from the Nationwide Reconstruction Fund Company (NRFC).
The Sequence C spherical additionally included backing from current buyers Blackbird, Major Sequence, and Malcolm and Lucy Turnbull, together with superannuation firms Hostplus, NGS and UniSuper. It reportedly values the corporate at simply over $500 million.
Morse Micro was based in 2016 by Wi-Fi pioneers, and former Broadcom engineers, Michael De Nil and Andrew Terry.
The corporate’s low-power Wi-Fi HaLow microchips enable Web of Issues (IoT) units to speak with one another over lengthy distances and thru partitions and different obstacles. The chips work throughout distances of as much as one kilometre in city settings, and as much as 16 kilometres in rural areas, and have functions throughout shopper merchandise, agriculture, mining, renewables, transport and sensible metering.
Morse Micro plans to make use of the Sequence C funding to speed up development and develop its next-generation expertise.
Learn extra.
Alloy: $4.5 million
The Alloy Robotics crew: Julia Chen, Aaqif Zaman, Joe Harris, and Bernie Croll. Surce: Alloy Robotics
Robotics information analytics platform Alloy has raised $4.5 million in pre-seed funding.
The spherical was led by Blackbird Ventures with help from Airtree, US-based robotics VC Xtal Ventures, and Skip Capital, in addition to strategic angel buyers together with senior engineering leaders and founders from Waymo, Tesla, Halter, Attain Robotics, and Carbon Robotics. The co-founders of Eucalyptus additionally chipped in.
Based in Sydney in early 2025 by CEO Joe Harris, beforehand CCO at Eucalyptus, Alloy cuts the time robotics groups spend sifting by information to resolve issues and construct costly customized infrastructure from scratch.
Harris mentioned the platform lets them mechanically organise, search and analyse throughout all varieties of robotic information utilizing pure language.
“When robot failures occur, engineers spend days manually hunting through hundreds of files to diagnose edge cases, searching for needles in a data haystack,” he mentioned.
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Nevam: $1.2 million
Nevam founder and CEO Brittany Fox. Supply: Nevam.
Sydney-based martech startup Nevam has raised $1.2 million to scale what it calls the primary “live journey mapping command centre” for enterprise entrepreneurs.
The spherical follows a profitable stint for the startup as a part of Techstars Sydney’s 2024 cohort. It has now been backed by the accelerator in addition to Model Fund, the Huljich Household Workplace, and angel buyers.
As for the brand new funding, it would go in direction of increasing the Nevam crew and including to the product roadmap. This can embrace baking in what Fox calls a “CX digital twin”.
“We see a massive opportunity… to disrupt analytics and NPS. We will be building our tool to put that infrastructure in place and work with our enterprises to develop strong case studies to scale into other industries.”
Learn the total unique story right here.
Fleetyr: $750,000
After bootstrapping to profitability, Brisbane startup Fleetyr has raised its first spherical of exterior funding.
The startup has secured $750,000 in a seed funding spherical led by 77 Companions, with participation from QIC Ventures.
Based in 2021 by Tim Hill and Brodie Ruttan, Fleetyr operates a fleet and security analytics platform that’s now utilized by prospects throughout 5 continents.
Fleet operators have lengthy handled challenges related to having siloed information in several programs, together with telematics, HR, and gasoline playing cards.
Fleetyr’s expertise is designed to resolve these challenges by integrating and visualising the assorted information streams in a single interface.
This resolution helps fleet operators detect fraud, cut back idle time and minimize prices.
With the brand new funding, Fleetyr plans to develop its crew, speed up the event of options like benchmarking and community mapping, and unlock additional development in worldwide markets.
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