Proof of Usefulness Report

Docyt

Analysis completed on 1/19/2026

+496
Proof of Usefulness Score
Industry Mainstay

Docyt is a verified, high-traction Series A/B fintech company with ~$27M in funding and ~200 employees, placing it significantly above the calibration baseline in terms of real-world scale. However, the project submission contained poor quality, lazy, and factually incorrect claims (e.g., 'most people have used my product', 'everyone'). Consequently, while the base scores for Utility and Innovation are high due to external verification of the company's actual status, the Quality Factors for Traction and Audience were penalized heavily (0.5). The final score of 496 reflects a 'Much larger scale' entity effectively penalized for a low-effort submission.

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Score Breakdown

Real World Utility+20
Audience Reach Impact+4
Technical Innovation+11
Evidence Of Traction+10
Market Timing Relevance+9
Functional Completeness+0
Subtotal+556
Usefulness Multiplierx0.89
Final Score+496

Project Details

Project URL
Description
Docyt is a document driven automation system for small business back-offices. \n\nIt uses AI and machine learning to extract data from docs and automate painful back-office tasks like Accounts Payable. This saves business-owners hundreds of hours of lost productivity each year, and thousands of dollars in penalties, late fees, and accounting hassles.\n\nwww.docyt.com
Audience Reach
everyone
Target Users
everyone
Technologies
Machine Learning, Automation, Productivity
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