Proof of Usefulness Report

Bitsight

Analysis completed on 2/7/2026

+711
Proof of Usefulness Score
Category Standard

Bitsight is a verified market leader in cyber risk intelligence with over $200M ARR and unicorn status (~$2.4B valuation), significantly outperforming the '75000000 marketcap' claim in the submission. While the project itself demonstrates exceptional real-world utility, market dominance, and technical innovation, the submission quality was poor—containing factual errors regarding team size (claimed 3,000 vs actual ~740) and unprofessional claims ('most people have used my product'). The score reflects the immense value of the business, slightly penalized for the inaccurate self-reporting.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+136.0
Technical Innovation+127.5
Evidence Of Traction+237.5
Market Timing Relevance+90.0
Functional Completeness+7.5
Subtotal+836
Usefulness Multiplierx0.85
Final Score+711

Project Details

Project URL
Description
Bitsight is the global leader in cyber risk intelligence, helping teams make informed risk decisions with the industry’s most extensive external security data and analytics. With 3,300 customers and 65,000 organizations active on its platform, Bitsight delivers real-time visibility into cyber risk and threat exposure—enabling teams to quickly identify vulnerabilities, detect threats, prioritize actions, and mitigate risk across their extended attack surface. Built on over a decade of market-leading innovation, an unparalleled cyber dataset, and intelligence-driven workflows, Bitsight uncovers security gaps across infrastructure, cloud environments, identities, and third- and fourth-party ecosystems. From security operations and GRC teams to the boardroom, Bitsight provides the unified intelligence backbone organizations need to proactively address exposures before they impact performance.

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