Intel, Sequoia invest July Systems
Intel Capital has led a Series C funding round of $7 million, alongside previous investors Sequoia Capital and Footprint Ventures, in mobile media company July Systems, founded by Indian technopreneur Rajesh Reddy.
July Systems has offices in Bangalore, Los Angeles and New York, and claims clients such as ESBN and Universal Pictures, as well as India's NDTV and CricketNext.com, using its Mi platform for mobile publication, distribution and monetization services.
"Strategically, July Systems’ middleware platform and global customer base complements Intel Capital’s portfolio; and Intel Corporation’s focus on the rapidly-evolving mobile internet segment,” said Sudheer Kuppam, MD at Intel Capital's Hong Kong office, while Surendra Jain, MD at Sequoia Capital said, “We are long-term investors, and our participation in this round of investment is testimony to the faith that we have in the company.”
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