Proof of Usefulness Report

Elpha Secure Technology

Analysis completed on 1/20/2026

+565
Proof of Usefulness Score
Industry Mainstay

Elpha Secure is a legitimate, Series A funded InsurTech company with significant revenue (~$15M+) and strong backing (Canapi, AXIS, State Farm), verifying high real-world utility and traction. However, the project submission itself is of extremely low quality, containing false claims ('most people have used my product', 'everyone') and missing critical metrics. The score reflects the strong underlying business fundamentals verified externally, heavily penalized by the poor response quality and lack of substantiated evidence in the entry.

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Score Breakdown

Real World Utility+213
Audience Reach Impact+75
Technical Innovation+113
Evidence Of Traction+135
Market Timing Relevance+90
Functional Completeness+3
Subtotal+629
Usefulness Multiplierx0.90
Final Score+565

Project Details

Project URL
elphasecure.com
Description
At last, an insurance policy that gives back, right from day one. Our cybersecurity technology is part of your policy, so you’re managing risk from the very start — which means you’re far less likely to ever make a claim.\n\nCount on our team of experts for speedy support. Our Security Operations Center will respond to events in real time, which can avert a breach or accelerate your claim.\n\nSimply using our software sweetens the deal: you’ll get lower Waiting Periods and longer Periods of Restoration to help you recoup funds and get back to business quickly.

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