Latka logo
Useful Systems logo

Useful Systems

Boulder, Colorado, United States

Valuation · 2013

$2M

2016 Revenue

$294K

Funding

$1.6M

Team

3

Founded

2011

Useful Systems Revenue, Valuation & Funding (2016)

Useful Systems generated $294K in revenue in 2016.

Useful Systems develops a mobile management software solution to better track the tasks done by workers in the field.

Last updated

Useful Systems Revenue

In 2016, Useful Systems's revenue reached $294K.

Useful Systems Revenue GrowthReported revenue / ARR over time$0$75K$150K$225K$300K$375K201120122013201420152016$0$294KSource: GetLatka.com
YearMilestoneSource
2016Useful Systems Hit $294k revenue in September 2016Not recorded
2011Launched with $0 revenue

Useful Systems Valuation, Funding Rounds

Useful Systems reached a $2M valuation in 2013, set during its Seed round.

Useful Systems has raised $1.6M in total funding across 2 rounds, most recently a $1.3M Venture round in 2016.

Useful Systems Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$500K$400K$1M$800K$1.5M$1.2M$2M$1.6M$2.5M$2M201120122013201420152016$2MSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2016Venture$1.3M--Not recorded
2013Seed$250K$2M13%Not recorded

Founder / CEO

Jay Crain

CEO

Jay Crain is the Co-Founder + CEO at Useful Systems.

Useful Systems Employees & Team Size

Useful Systems employs approximately 3 people as of 2026.

Useful Systems Team GrowthReported headcount over time0122342011201220132014201520160033Source: GetLatka.com
YearMilestoneSource
2016Reached 3 employees (September 2016)Not recorded

Frequently Asked Questions about Useful Systems

Is Useful Systems still operating?

No. Useful Systems has shut down.

What is Useful Systems's revenue?

As of 2016, Useful Systems generated $294K in revenue.

Who founded Useful Systems?

Useful Systems was founded by Jay Crain.

When was Useful Systems founded?

Useful Systems was founded in 2011.

How much funding does Useful Systems have?

Useful Systems raised $1.6M across 2 rounds.

How many employees does Useful Systems have?

As of 2016, Useful Systems had 3 employees.

Where is Useful Systems headquartered?

Useful Systems is headquartered in Boulder, Colorado, United States.

Compare Useful Systems to the industry

Useful Systems operates across multiple industries. Browse revenue, funding, and growth data for Useful Systems in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

Claim this profile