Proof of Usefulness Report

Grasp

Analysis completed on 2/4/2026

+66

Proof of Usefulness Score

You're In Business

The submission critically conflates two distinct entities: 'Grasp Technologies' (founded 1996, T&E data management) and 'Grasp AI' (the provided URL, a Swedish AI startup founded in 2020). While the description describes the 1996 company, the URL and launch date belong to the AI startup, which recently raised ~$7M Series A to automate investment banking workflows. The submission's traction claim ('most people have used my product') is demonstrably false and lowers the score significantly despite the actual company's verifiable promise and funding.

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Score Breakdown

Real World Utility+85.0

Audience Reach Impact+20.0

Technical Innovation+80.0

Evidence Of Traction+40.0

Market Timing Relevance+95.0

Functional Completeness+5.0

Subtotal+57

Usefulness Multiplierx1.15

Final Score+66

Project Details

Project URL

grasp-ai.com

Description

Grasp Technologies provides data management, reporting, and virtual payment solutions, helping companies optimize their data for insights and efficiency. Founded in 1996, they support businesses in managing over $40 billion in transactions worldwide [1, 4]. Their AI-powered platform delivers model-ready datasets for predictive analytics and intelligent program management [4].

Algorithm Insights

Market Position

Growing utility with room for optimization

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