Proof of Usefulness Report

Elastic

Analysis completed on 2/6/2026

+755
Proof of Usefulness Score
Unicorn Utility

Elastic is a highly established, market-leading search and observability platform (NYSE: ESTC) with verifiable massive scale. While the project itself possesses exceptional utility, reach, and traction—serving over 50% of the Fortune 500—the submission quality is notably low, containing vague descriptions ('Computer Software') and potentially inaccurate financial metrics ($750M market cap vs. actual ~$10B+). The score reflects the immense proven value of the verified entity, penalized slightly for the lack of detail in the submission form.

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Score Breakdown

Real World Utility+250.0
Audience Reach Impact+200.0
Technical Innovation+108.0
Evidence Of Traction+200.0
Market Timing Relevance+95.0
Functional Completeness+5.0
Subtotal+858
Usefulness Multiplierx0.88
Final Score+755

Project Details

Project URL
elastic.co
Description
Elastic, the Search AI Company, enables everyone to find the answers they need in real time, using all their data, at scale. Elastic’s solutions for search, observability, and security are built on the Elastic Search AI Platform — the development platform used by thousands of companies, including more than 50% of the Fortune 500.

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