After some quiet weeks of startup raises, we’ve seen some course correction on the funding front over the past few weeks, and the trend is continuing.
The last week of September saw $94.4 million raised across the tech, marketing, robotics and fleet spaces. Leading the charge was Morse Micro with $88 million in Series C.
Morse Micro: $88 million
Sydney-based technology company Morse Micro leads this week’s funding round-up after securing $88 million in Series C funding for its long-range Wi-Fi chips.
The funding round was led by Japanese semiconductor designer MegaChips, which also led Morse Micro’s $140 million Series B round in September 2022, and includes $35 million from the National Reconstruction Fund Corporation (NRFC).
The Series C round also included backing from existing investors Blackbird, Main Sequence, and Malcolm and Lucy Turnbull, along with superannuation companies Hostplus, NGS and UniSuper. It reportedly values the company at just over $500 million.
Morse Micro was founded in 2016 by Wi-Fi pioneers, and former Broadcom engineers, Michael De Nil and Andrew Terry.
The company’s low-power Wi-Fi HaLow microchips allow Internet of Things (IoT) devices to communicate with each other over long distances and through walls and other obstacles. The chips work across distances of up to one kilometre in urban settings, and up to 16 kilometres in rural areas, and have applications across consumer products, agriculture, mining, renewables, transport and smart metering.
Morse Micro plans to use the Series C funding to accelerate growth and develop its next-generation technology.
Alloy: $4.5 million
Robotics data analytics platform Alloy has raised $4.5 million in pre-seed funding.
The round was led by Blackbird Ventures with support from Airtree, US-based robotics VC Xtal Ventures, and Skip Capital, as well as strategic angel investors including senior engineering leaders and founders from Waymo, Tesla, Halter, Reach Robotics, and Carbon Robotics. The co-founders of Eucalyptus also chipped in.
Founded in Sydney in early 2025 by CEO Joe Harris, previously CCO at Eucalyptus, Alloy cuts the time robotics teams spend sifting through data to solve problems and build expensive custom infrastructure from scratch.
Harris said the platform lets them automatically organise, search and analyse across all types of robot data using natural 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 said.
Nevam: $1.2 million
Sydney-based martech startup Nevam has raised $1.2 million to scale what it calls the first “live journey mapping command centre” for enterprise marketers.
The round follows a successful stint for the startup as part of Techstars Sydney’s 2024 cohort. It has now been backed by the accelerator as well as Brand Fund, the Huljich Family Office, and angel investors.
As for the new funding, it will go towards expanding the Nevam team and adding to the product roadmap. This will include 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.”
Read the full exclusive story here.
Fleetyr: $750,000
After bootstrapping to profitability, Brisbane startup Fleetyr has raised its first round of external funding.
The startup has secured $750,000 in a seed funding round led by 77 Partners, with participation from QIC Ventures.
Founded in 2021 by Tim Hill and Brodie Ruttan, Fleetyr operates a fleet and safety analytics platform that is now used by customers across five continents.
Fleet operators have long dealt with challenges associated with having siloed data in different systems, including telematics, HR, and fuel cards.
Fleetyr’s technology is designed to solve these challenges by integrating and visualising the various data streams in a single interface.
This solution helps fleet operators detect fraud, reduce idle time and cut costs.
With the new funding, Fleetyr plans to expand its team, accelerate the development of features like benchmarking and network mapping, and unlock further growth in international markets.
