wordpress blog stats
Connect with us

Hi, what are you looking for?

July Systems raises $2.1M funding; Appoints BJ Arun as new CEO

Bangalore-based mobile application platform provider July Systems has raised $2.1 million of a $2.9 million investment round, the company has informed in an SEC filing. (hat tip - TechCircle). It's currently not clear who the investors are and where the company plans to use the funds raised. We are currently awaiting a response from July Systems on this. With this investment, July Systems has raised around $36.2 million investment until now. This includes a $15 million round from Updata Partners, Intel Capital and WestBridge Capital in February 2012, a $7 million round from Intel Capital, Sequoia Capital and Footprint Ventures in March 2010 and a follow-on round by Intel Capital in May 2011. While Intel Capital hadn't disclosed the follow-on investment amount back then, an SEC filing from the company suggests that it had raised $10 million in April 2011. It's not clear whether Intel Capital was the sole investor in this round or it had seen participation from any other investor. July Systems had also raised $2.1 million investment in July 2009. BJ Arun Is New CEO Coinciding with this investment, July Systems has also appointed BJ Arun as its new CEO. He will be taking over from the erstwhile CEO Rajesh Reddy. In this role, Arun will be responsible for the company's growth in the mobile apps market. Prior to this appointment, Arun had founded a Linux based High Performance Computing (HPC) solution provider called California Digital in 1994. He was also the co-founder and CEO of Librato, a San Francisco-based metrics and monitoring solution provider for IT…

Please subscribe/login to read the full story.
Written By

Free Reads

News

In its submission, the Interior Ministry said the decision to impose a ban was "made in the interest of upholding national security, maintaining public...

News

Among other things, the security requirements include data encryption and regular review and updated access permissions to reflect personnel changes.

News

the NTIA had earlier sought comments on the risks, benefits, and potential policy related to dual-use foundation models for which the model weights are widely...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ