Modu barely alive after failed bid for capital, laying off most of its employees

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Modu hasn't really stormed the market with any of its miniature
offerings just yet, and even with the just-announced Modu T and the
upcoming Android-based Modu W offering a chance to turn things around,
it looks like Modu is up against the financial ropes. Founder Dov
Moran just announced that the company had failed to raise money in Tel
Aviv, and he's going to have to lay off most of his workforce to stay
alive. Modu currently employs around 30 people, and it's naturally
going to have trouble building and selling phones with any fewer, but
Dov says the company will "continue to sell its products" and he's
going to be on the hunt for "other sources of capital."