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News >> Technology >>
July Systems raises $10 million
By agencies
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Thursday, 03 November 2005, 20:30 IST
BANGALORE: July Systems, a provider of smart mobile retailing technology has raised $10 million in Series C funding. July Systems plans to utilize the latest funding to strengthen its global sales and marketing effort in the U.S. and European markets.
The company is also planning to use the funds to accelerate its ongoing and new product initiatives in the area of mobile marketplace solutions for smart mobile content retailing.
Motorola Ventures, the venture capital arm of Motorola Inc, led the new round of investment along with other investors such as Charles River Ventures, NeoCarta Ventures, WestBridge Capital Partners, Jumpstartup and SVB Financial Group.
Motorola Ventures Managing Director, Reese Schroeder has joined the board of directors of July Systems, the company said in a statement. Motorola invests in innovative companies like July Systems to bring cutting-edge products and solutions to market, said Warren Holtsberg, Motorola's Corporate Vice-President, Equity Investments.