Hingi on the verge of closing

There is a rumour that Hingi is on the verge of closing, and have fired 15 employees already. The company has a service that helps you identify a song that is currently playing on radio and then download it to your cellphone. 3.4M$ has been invested already, and the company tried to raise more money from VCs but was unsuccessful.

Read more here (TheMarker, hebrew)