Proof of Usefulness Report

AuditBoard

Analysis completed on 2/7/2026

+614
Proof of Usefulness Score
Category Standard

AuditBoard is a verified 'unicorn' status entity, recently acquired by Hg Capital for over $3 Billion, validating massive real-world utility and traction. However, the submission itself contained significant inaccuracies (e.g., stating a $75M market cap vs. actual $3B valuation, claiming audience is 'everyone' vs. B2B enterprises). The score reflects the immense verified success of the platform, heavily penalized by the low-quality and inaccurate data provided in the submission form.

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Score Breakdown

Real World Utility150.0 (Weighted)
Audience Reach Impact95.0 (Weighted)
Technical Innovation51.0 (Weighted)
Evidence Of Traction187.5 (Weighted)
Market Timing Relevance47.5 (Weighted)
Functional Completeness2.5 (Weighted)
Subtotal+533.5
Usefulness Multiplierx1.15
Final Score+614

Project Details

Project URL
Description
AuditBoard’s mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline