Modu Means Money

Red Herring recently reported that Modu, the Israeli startup that the Guinness Book Of World Records claims has developed the lightest cellphone at 1.41 ounces, has raised $100 million in venture funding.  Not bad for a company that launched its phone at the Mobile World Congress in Barcelona earlier this year.  The company was founded just a year ago by Dov Moran the founder, chairman and ceo of M-Systems, which invented the USB Flash Drive.  Modu claims its phone can be slipped into a wide variety of Modu jackets and transformed into different electronic devices, from a phone to a digital camera to a music player.



Check out the picture of the phone.  It may remind you of the phone from one of my all-time favorite movies Zoolander.



-posted by Andrew