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.
