Modu

Modu Gets $7M Infusion from Qualcomm

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Calcalist is reporting (Hebrew only) that Modu has brought in another $7M in funding courtesy of Qualcomm which as part of the agreement will also manufacture the Modu “core”.

Modu has had a whirlwind of a year, first debuting to much fanfare at last year’s Mobile World Congress, where we had a chance to sit with the company’s CEO, Dov Moran, for a 1-on-1 for a demo. The company then went on to raise a whopping $100M round. Then in November Modu announced a 33%, 88-employee downsizing in November.

Clearly things are not all rosy at Modu, but the company now has some more cash to pursue its very risky mobile play. If anyone has any further info, please post it in the comments below.

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