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Aussie chipmaker eyes payoff from $80m investment

Source: afr.com afr.com
News Snapshot:

The company has raised more than $200 million to date from investors including Malcolm and Lucy Turnbull, Blackbird Ventures, the CSIRO’s Main Sequence Ventures and superannuation funds HESTA, Hostplus and UniSuper. Mr de Nil said the deep tech company was focused on growing its revenue and had recently hired sales executives in the US to win contracts with original equipment manufacturers. Prototype products “We have a significant expenditure, so now we have to start getting some big sales,” Mr de Nil said. Financial documents filed with ASIC show Morse Micro’s statutory loss widened to $28.6 million last financial year compared…

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