Proof of Usefulness Report

Egnyte

Analysis completed on 1/20/2026

+604
Proof of Usefulness Score
Category Standard

Egnyte is a verified market leader in the Cloud Content Governance space with significant real-world traction (approx. $1.5B valuation, $100M+ revenue, 22k+ customers). However, the project submission itself is of extremely poor quality, featuring hyperbolic claims ('most people have used my product', 'audience reach: everyone') and lacking specific verifiable data links. The score reflects the massive, verified scale of the entity (Team size 1,233, 15+ years in market) heavily penalized by the low quality of the submission evidence.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+90.0
Technical Innovation+120.0
Evidence Of Traction+118.75
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+656.25
Usefulness Multiplierx0.92
Final Score+604

Project Details

Project URL
egnyte.com
Description
Egnyte, accessible via its domain egnyte.com, is a company that specializes in providing secure content collaboration and data governance solutions for businesses. Founded in 2007, Egnyte offers a platform that enables organizations to manage, share, and protect their data across various environments, including cloud and on-premises infrastructures. The company's services are designed to enhance productivity while ensuring compliance and security, making it a popular choice for industries that require stringent data management practices. Egnyte's solutions are particularly beneficial for businesses looking to streamline their workflows, improve collaboration, and maintain control over their sensitive information.

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