Mobile media company, July Systems received $ 7 million in Series C Funding led by Intel Capital with existing investors Sequoia Capital and Footprint Ventures also putting in their investment.

The company claims to have registered 300% growth in revenues attributing it to exponential growth in mobile internet consumption and a rapidly growing customer base.

The company will use the funds towards further consolidating its position in the North American and Asia Pacific region, increasing investment on R&D and catalyzing an ecosystem of publishers, advertisers and distribution channels to deliver incremental monetization for all stakeholders.

“Over 80 of the premium media brands in the world are powered and monetized by July`s Mi™ platform and this is the foundation for our growth,” said Rajesh Reddy, Founder and CEO, July Systems. “We chose to raise this new round of funding to further strengthen our market leadership by investing in technology, operations and bolstering our team. In addition, we will also focus on driving incremental revenues into our ecosystem through July-led programs. We are pleased to have attracted funding from Intel Capital, and to continue our relationship with Sequoia Capital & Footprint Ventures.”

“July Systems has demonstrated strong growth through innovation in the mobile internet space and by delivering value to some of the world’s largest media brands. 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, Managing Director, Intel Capital India, Japan, Australasia and South East Asia.

Surendra Jain, MD, Sequoia Capital said, “We are very impressed with the performance of Rajesh and the  management team at July Systems. We are long term investors and our participation in this round of investment is testimony to the faith that we have in the company.”