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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

April - 2010 - issue > Venture Beat

July systems raises $7 Million from Intel

Sikta Samantaray
Friday, April 2, 2010
Sikta Samantaray
Rajesh Reddy founded July Systems, a mobile media company, has raised $7 million Series C investment in a round led by Intel Capital. Existing investors in the firm, Sequoia Capital and Footprint Ventures too participated in the round. The company plans to utilize the fund in strengthening its sales and distribution platforms in North American and Asia Pacific region. It will also make substantial investment in R&D, added the statement.

July Systems founder and CEO Rajesh Reddy said in a statement: "We chose to raise this new round of funding to further strengthen our market leadership by investing in technology, operations and bolstering our team. We will also focus on driving incremental revenues into our ecosystem through July-led programmes."

Intel Capital, the corporate venture capital arm of the world's largest chip maker Intel, announced follow-on investments in two Indian companies, Financial Information Network and Operations (FINO) and Wortal Inc owned local entertainment events portal Buzzintown.com in November last year. Some of its other investments in India include mobile services company One97 Communications, online B2B marketplace IndiaMART.com and vocational training institute Global Talent Track.
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