After some quiet weeks of startup raises, we’ve seen some course correction on the funding entrance over the past few weeks, and the development is continuous.
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 Series C.
Morse Micro: $88 million
Sydney-based know-how 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 Series B round in September 2022, and consists of $35 million from the National Reconstruction Fund Corporation (NRFC).
The Sequence C spherical additionally included backing from current traders Blackbird, Foremost Sequence, and Malcolm and Lucy Turnbull, together with superannuation corporations 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) gadgets 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 purposes 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 know-how.
Alloy: $4.5 million
Robotics information analytics platform Alloy has raised $4.5 million in pre-seed funding.
The spherical was led by Blackbird Ventures with assist from Airtree, US-based robotics VC Xtal Ventures, and Skip Capital, in addition to strategic angel traders 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 unravel issues and construct costly customized infrastructure from scratch.
Harris stated the platform lets them mechanically organise, search and analyse throughout all varieties of robotic information utilizing pure language.
“When robotic failures happen, engineers spend days manually searching by tons of of recordsdata to diagnose edge circumstances, looking for needles in an information haystack,” he stated.
Nevam: $1.2 million
Sydney-based martech startup Nevam has raised $1.2 million to scale what it calls the primary “reside 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 traders.
As for the brand new funding, it would go in the direction of increasing the Nevam workforce and including to the product roadmap. This can embody baking in what Fox calls a “CX digital twin”.
“We see an enormous alternative… to disrupt analytics and NPS. We will probably be constructing our device to place that infrastructure in place and work with our enterprises to develop robust case research to scale into different industries.”
Read the full exclusive story 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 Partners, 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 clients throughout 5 continents.
Fleet operators have lengthy handled challenges related to having siloed information in numerous programs, together with telematics, HR, and gasoline playing cards.
Fleetyr’s know-how is designed to unravel these challenges by integrating and visualising the assorted information streams in a single interface.
This resolution helps fleet operators detect fraud, scale back idle time and reduce prices.
With the brand new funding, Fleetyr plans to develop its workforce, speed up the event of options like benchmarking and community mapping, and unlock additional development in worldwide markets.
