Proof of Usefulness Report

CoverStack

Analysis completed on 1/18/2026

+558
Proof of Usefulness Score
Industry Mainstay

Project verified as the B2B technology arm of Coverfox, a major Indian insurtech. Recent funding (Oct 2025) values the entity at ~$54M, matching the input's '54000000' figure. While FY24 revenue is modest (~$370k), the platform covers 10M+ lives, demonstrating significant scale. The submission quality was extremely poor (hyperbolic claims like 'everyone'), resulting in penalties, but the underlying utility and verifiable traction confirm a high-potential venture significantly larger than the calibration baseline.

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Score Breakdown

Real World Utility+90
Audience Reach Impact+64
Technical Innovation+60
Evidence Of Traction+56
Market Timing Relevance+90
Functional Completeness+10
Subtotal+65
Usefulness Multiplierx0.86
Final Score+558

Project Details

Project URL
Description
CoverStackis in the Insurance IT Industry
Audience Reach
everyone
Target Users
everyone
Technologies
Risk Management
Traction Evidence
most people have used my product

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