Useful

Develops platforms for online casinos

Boulder, Colorado, United States

About Useful

Useful Systems Inc. develops solutions for the online casino industry, focusing on making gaming more accessible and enjoyable. Their products include user-friendly platforms designed for online casino operators, featuring vibrant themes and seamless interfaces that enhance the gameplay experience. These platforms are built with advanced technology to ensure robust security, providing a safe environment for players. Unlike many competitors, Useful Systems Inc. emphasizes accessibility and captivating design, which helps attract and retain players. The company's goal is to improve the online gaming experience for both operators and players, primarily in the UK market, through a B2B model that generates revenue from licensing fees and service agreements.

Boulder, ColoradoHeadquarters
2022Year Founded
$1.9MTotal Funding
EARLY_VCCompany Stage
Cybersecurity, GamingIndustries
1-10Employees

Benefits

Meaningful equity
Competitive salary
Unlimited vacation
Office & equity stipend
Top-tier health coverage
Mental health & wellness stipend
Learning & education stipend
401k

Risks

Emerging VR and AR companies increase competition for Useful Systems Inc.
UK regulations on gambling advertising may impact Useful's marketing strategies.
Blockchain-based casinos threaten traditional platforms with transparency and fairness.

Differentiation

Useful Systems Inc. focuses on accessibility and captivating gameplay in online casinos.
The company offers vibrant themes and seamless user interfaces for engaging experiences.
Robust security measures ensure a safe and enjoyable gaming environment for users.

Upsides

Increased demand for mobile gaming solutions boosts Useful's market potential.
Growing interest in VR and AR enhances user experience in Useful's platforms.
AI-driven personalized gaming experiences attract and retain more players.

Funding

Total raised$1.95 M
Latest valuation$6.50 M
StageEARLY_VC
EARLY VC
8/31/2016
$1
$6.50 M
SEED
10/31/2015
N/A
$2.00 M