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Diligence layer

Every claim, with its source attached.

The experience is built to be understood quickly. This page is built to be checked slowly. The qualifications in section 06 matter more than the sources — anyone who finds a caveat we did not declare should stop believing the ones we did.

01

What has been paid

Four different kinds of number appear here and they are not interchangeable. An agreed sale price is what a buyer committed to. A reported valuation is what somebody says a company is worth. Revenue is what customers actually paid it in a year. An amount invested is none of those. They are never blended or summed into a market size.

AGREED SALE PRICE

What a buyer agreed to pay to own the whole company.

REPORTED VALUATION

What the company is said to be worth. Reported, not confirmed by the company.

ONE YEAR OF REVENUE

What the company collected from its customers in a year.

AMOUNT INVESTED

What investors put in. This is not what the company is worth.

NOTHING DISCLOSED

The company has never published a number.

  • AccuLynxPROPOSAL
    $2,350,000,000AGREED SALE PRICE

    Verisk, July 2025. A Delaware court ordered it forward on 7 August 2026. Still subject to FTC clearance.

  • CompanyCamINSPECTION
    $2,000,000,000REPORTED VALUATION

    Reported, not company-confirmed. $415M was invested — a different number entirely.

  • ServiceTitanPRODUCTION
    $961,000,000ONE YEAR OF REVENUE

    Public company. $82.1B was invoiced through the platform — that is its customers' money, not its revenue.

  • ProcoreCOST
    $1,320,000,000ONE YEAR OF REVENUE

    Public company. 2025 annual filing.

  • BuildOpsROUTING
    $1,000,000,000REPORTED VALUATION

    Reported. $127M was invested — again, a different number. Founded 2018.

  • SPOTIOLEAD
    Not disclosedNOTHING DISCLOSED

    No valuation, no revenue, no customer count has ever been published.

The running total shown during the experience adds only the disclosed figures, and says on screen that it is four different kinds of number rather than a market size. No valuation is claimed here. None is implied. An amount invested is not a company value, anywhere on this page.

02

The full sheet

Ten rows, six platforms, no inflation. SystemX leads three rows and trails three. That honest read is worth more than a column of five stars all the way down.

AccuLynxCompanyCamServiceTitanProcoreSPOTIOSystemX
Selling★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Estimating★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Field documentation★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Running jobs★★★★★★★★★★★★★★★★★★★★—★★★★★
Production controls★★★★★—★★★★★★★★★★—★★★★★
Job economics★★★★★—★★★★★★★★★★—★★★★★
Commissions and draws★★★★★—★★★★★★★★★★★★★★★★★★★★
Cash flow★★★★★—★★★★★★★★★★—★★★★★
Owner visibility★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Automation★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
03

Engine by engine

Each engine, what it governs, what is missing, and who holds that ground today.

  • Lead EngineBUILT & RUNNING

    A lead lands at an address. The system works out the territory, picks the next rep in a fair rotation, creates his first task and writes the decision where nobody can edit it.

    SPOTIO. Territory management and location-verified activity for outside sales teams. Not disclosed — Smallest wallet in this market.

  • Scope EngineBUILT & RUNNING

    Change a measurement, hit save, and the whole estimate reprices itself off the supplier branch's live price list.

    AccuLynx. Roofing estimating with aerial measurement, supplier ordering and insurance supplements. $2.35B — Agreed sale price · Verisk.

  • Production EngineBUILT · GAP NAMED

    One contract approval builds the entire operating file. Eight engines, about 9,000 lines of rules, one click.

    Gap. Crew scheduling and dispatch are not built. That is ServiceTitan's ground today.

    ServiceTitan. The operating platform for HVAC, plumbing and electrical contractors. $961M — One year of revenue · about $89K per customer.

  • Cost EngineBUILT & RUNNING

    Book a cost and the margin moves that second. Not at month end. Not three weeks late with a spreadsheet and a bad feeling.

    Procore and ServiceTitan. Job costing at the top of the market, on the largest projects in the country. $1.32B — Procore · one year of revenue.

  • Payroll EngineUNCLAIMED GROUND

    Where almost everybody stops. Commission cannot outrun the job's margin. If the job did not earn it, the system will not pay it.

    Gap. SystemX prepares gross payroll. It does not file taxes, withhold, or work out net pay. That stays with ADP or Gusto.

    Open ground. The audit went looking for a major contractor platform that makes margin-enforced commission and governed draws a core capability. Unclaimed — Nobody found holding this ground.

  • Treasury EngineUNCLAIMED GROUND

    Built to answer the one question every owner has laid awake on: can I make payroll three weeks from now?

    Open ground. When the audit looked for something to compare this to, it did not reach for another contractor platform. Unclaimed — Treated as somebody else's problem.

  • Inspection Engine · XCamBUILT · GAP NAMED

    The photograph is attached to the finding it proves. Not to a folder. To the finding.

    Gap. XCam and the SystemX engine are two working products designed to connect. That connection is not built.

    CompanyCam. Job-site photo documentation. That is the whole product — and it built a two-billion-dollar company. $2.0B — Reported valuation · $415M invested.

04

What is already built

Not planned. Not designed. Running. Of 304 registered automations, 261 are active and 43 are switched off.

  • 192Business tables
  • 61,763Lines of business rules
  • 439Forms
  • 1,060Saved office screens
  • 21,880Lines in XCam
  • 239Automatic checks on XCam
BUILT & RUNNING
  • Territory routing, with the assignment written where nobody can edit it
  • Estimating that reprices itself off live supplier pricing
  • Insurance replacement cost, depreciation, actual cash value, supplements
  • One approval builds the job, scope, permits, claim, deposits and receivablesEight engines · about 9,000 lines of rules · one state change
  • Production held until deposits are in and permits are closed
  • Job costing to real margin on every cost change
  • Receivables, payment allocation and mortgage-check tracking
  • Rolling cash forecast — in the bank, promised, expected
  • Commission across nine roles, with the margin floor enforced
  • Governed draws that repay themselves out of commission
  • Payroll prepared from the primary records
  • Offline field inspections with the evidence bound to the finding
  • 261 automations live on the system
NOT YET FITTED
  • Crew scheduling and dispatchServiceTitan, BuildOps and Jobber own this today
  • Invoices raised automaticallyBuilt, but switched off
  • Card and bank payment processingNo gateway exists
  • QuickBooks, Xero or Sage connectionNo connector exists
  • Payroll execution — tax, withholding, net paySystemX prepares gross payroll. It is not a payroll bureau.
  • One finished screen for customersThree operator consoles across two systems today
  • XCam connected to the SystemX engineTwo working products designed to connect. The connection is not built.
  • The main engine running more than one companyXCam already handles many. The engine runs one organisation.
  • XCam downloadable by anyoneRegistered with Apple 17 August 2026. Submission underway.
  • Signatures and change ordersThe records exist. Nothing drives them yet.
  • A marketplace of connections to other software
05

Sources

  • ServiceTitan FY2026 results, 12 March 2026, and its filings with the SEC
  • Procore annual filing, February 2026
  • Verisk press release, 30 July 2025, and the Delaware Court of Chancery order, 7 August 2026
  • CompanyCam Series C announcement, 21 August 2025; valuation per PitchBook
  • BuildOps Series C, March 2025
  • SystemX capability audit, 19 August 2026 — read-only inspection, live snapshot taken 5 July 2026
06

Qualifications

The most important section on this page. Read it before you use any figure from the experience in a conversation.

  • AccuLynx's $2.35B is an agreed price, still subject to FTC clearance. It has not closed.
  • CompanyCam's and BuildOps' valuations are reported, not confirmed by the companies.
  • $415M and $127M are amounts invested, not what those companies are worth.
  • ServiceTitan's $82.1B is money its customers invoiced through the platform. It is not ServiceTitan's revenue.
  • Of 304 registered SystemX automations, 261 are active and 43 are switched off.
  • The 239 automatic checks are XCam's. The main engine has no equivalent test suite.
  • Job-costing overhead is currently fixed at 19% rather than set per company.
  • Public company values move daily. ServiceTitan reports again on 8 September 2026.

Capability comparison only. Nothing here claims equal revenue, customers or market position. Every SystemX capability shown traces to a status in the 19 August 2026 audit; where that audit assigned a lower status, the lower status was used.

07

What this site is, and what it is not

  • Demonstration data only

    Every figure in every interactive demonstration is invented and fixed. No customer, employee, address, claim or job from any real system appears anywhere on this site.

  • No connection to anything live

    This site holds no credentials, makes no calls to any SystemX environment, and cannot read or write real data.

  • XCam is not connected to SystemX

    XCam is a working field app. It does not write back into the main engine, and nothing here implies that it does.

  • No tracking

    Interaction can be measured later. Nothing is measured today — no vendor, no cookie, no request leaves the page.