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Useful Systems

Boulder, Colorado, United States

Valuation

$882K

2016 Revenue

$294K

Funding

$1.6M

Team

3

Founded

2011

Useful Systems Revenue, Valuation & Funding (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. Since its launch in 2011, Useful Systems has shown consistent revenue growth.

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 2016
2011Launched with $0 revenue

Useful Systems Valuation, Funding Rounds

Useful Systems reached a $882K valuation in 2013, set during its Seed Round round.

Useful Systems has raised $1.6M in total funding across 2 rounds, most recently a $1.3M Venture Round 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 Round$1.3M--
2013Seed Round$250K$2M13%

Founder / CEO

Jay Crain

CEO

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

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Customers

We do not have customer count information for Useful Systems yet.

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)

Frequently Asked Questions about Useful Systems

What is Useful Systems's revenue?

Useful Systems generates $294K in revenue.

Who founded Useful Systems?

Useful Systems was founded by Jay Crain.

Who is the CEO of Useful Systems?

The CEO of Useful Systems is Jay Crain.

How much funding does Useful Systems have?

Useful Systems raised $1.6M across 2 rounds.

How many employees does Useful Systems have?

Useful Systems has 3 employees.

Where is Useful Systems headquarters?

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.

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Useful Systems Revenue 2016: $294K ARR, $882K Valuation