About Useful Networks
Useful Networks is a company based in Denver (United States) founded in 2006 was acquired by True Position in March 2007. It operates as a API-as-a-Product, and Subscription Services. Useful Networks has completed 1 acquisition, including KnowledgeWhere. Useful Networks offers products and services including Mobile Ad Targeting & Analytics, Geo-Fencing & Proximity Solutions, and Secure Location Data API. Useful Networks operates in a competitive market with competitors including Frontiir Communications, ST Engineering iDirect, OpVista, Curvature and Paradyn, among others.
- Headquarter Denver, United States
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Sectors
Technology
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Email
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Website
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Annual Revenue
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Latest Funding Round
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Acquired by
True Position
(Mar 29, 2007)
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Products & Services of Useful Networks
Useful Networks offers a comprehensive portfolio of products and services, including Mobile Ad Targeting & Analytics, Geo-Fencing & Proximity Solutions, and Secure Location Data API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Precise location data is used for mobile ad targeting.
Virtual boundaries are set to trigger hyper-local mobile interactions.
Real-time location data is provided through a secure API.
Funding Insights of Useful Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Useful Networks
Useful Networks has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TruePosition. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provides comprehensive location tracking solutions for businesses and organizations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Useful Networks
Useful Networks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include KnowledgeWhere. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Developer of location-based mobile applications and games
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Useful Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Useful Networks Comparisons
Competitors of Useful Networks
Useful Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Frontiir Communications, ST Engineering iDirect, OpVista, Curvature and Paradyn, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet connectivity and managed networking services are provided in Myanmar.
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Satellite communications deployment services are provided worldwide.
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Optical carrier technology is developed for high-speed communications.
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Provider of IT services related to data center infrastructure
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Managed connectivity and infrastructure services are provided in Ireland.
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Provider of network design and management services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Useful Networks
When was Useful Networks founded?
Useful Networks was founded in 2006.
Where is Useful Networks located?
Useful Networks is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
What does Useful Networks do?
Useful Networks is engaged in delivering precise location intelligence and mobile data solutions to content and service providers. The company operates within the technology sector, specializing in real-time subscriber location and presence data across various networks. Solutions offered include mobile ad targeting, geo-fencing, and secure location data APIs, which are designed to enhance user experiences, enable hyper-targeted advertising, and ensure data privacy compliance for mobile applications.
Who are the top competitors of Useful Networks?
Useful Networks's top competitors include Frontiir Communications, ST Engineering iDirect and Airowire Networks.
What products or services does Useful Networks offer?
Useful Networks offers Mobile Ad Targeting & Analytics, Geo-Fencing & Proximity Solutions, and Secure Location Data API.
How many acquisitions has Useful Networks made?
Useful Networks has made 1 acquisition, including KnowledgeWhere.
Who are Useful Networks's investors?
Useful Networks has 1 investor. Key investors include TruePosition.