July Systems Raises $15M

Los Angeles-based July Systems, a developer of mobile, cloud-based applications, said Thursday that it has raised $15M in an equity funding round. The round was led by Updata Partners, and also included Intel Capital and WestBridge Capital. July Systems is led by Rajesh T.S. Reddy, and develops a platform which helps businesses build, manage, and update live, mobile services. The firm said the funding will go towards its product roadmap and sales. July Systems says it has offices in New York, Los Angeles, and Bangalore. More information »