Modu raises $100,000,000

Israeli start-up handset firm, Modu Ltd. is reported to have secured US$100 million in funding from investors and is expected to confirm this formally within the next few weeks.  modu, which aims to develop a core handset which can be slotted into “jackets” which then personalise it based on the users needs - was established in early 2007 by Dov Moran, founder and CEO of msystems.