July Systems, the mobile media firm has been able to raise $7 million through funding s by various extant investors and also though venture capitalists.

Intel Capital along with Sequoia Capital and Footprint Ventures was part of the funding side.

July Systems, which is part of the mobile-based industry, plans to route the collected fund partly to its Asia-Pacific and North American sales and distribution sector. The rest of it will be used for R&D purposes.

Facts suggest that the company has soared 300 per cent in terms of revenue last year due to a substantial increase in the mobile Internet business.

However, the point of discussion is the expanding mobile Internet market. Companies are seemingly interested due to the multiplying rates of Smartphone users across the globe and thus a proportionate rise in mobile Internet sector.