Proof of Usefulness Report

Hark

Analysis completed on 2/20/2026

+382
Proof of Usefulness Score
Certified Problem Solver

Hark Systems is a verified, high-value Industrial IoT and Energy Analytics company acquired by SolarEdge (NASDAQ: SEDG) in Jan 2023 for ~$18.3M. While the project submission contains inaccurate/lazy data (e.g., 'most people have used my product', vague revenue), external verification confirms strong traction with major clients like Sainsbury's and Asda. The project solves a critical real-world problem (energy efficiency) with sophisticated edge/cloud technology. The score reflects high verified utility and traction, penalized by the poor quality of the submission data.

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Score Breakdown

Real World Utility+27.0
Audience Reach Impact+16.0
Technical Innovation+12.75
Evidence Of Traction+37.5
Market Timing Relevance+9.9
Functional Completeness+0.25
Subtotal+103.4
Usefulness Multiplierx3.7
Final Score+382

Project Details

Project URL
Description
Hark is an award-winning Energy Analytics and Industrial IoT company based in Leeds. Known for the innovative technology in our subscription cloud platform, we’re on a mission to improve efficiency, maximise yield and reduce waste. The Hark Platform is helping alert Energy Managers and Asset Operators to abnormalities across their estate, informing actions such as preventative maintenance, regulatory compliance, asset control and energy management. We believe that connecting to, monitoring, and automatically identifying efficiency and cost reduction should be easy and simple for all types of user, from skilled facilities and asset operators to energy procurement managers. While there are many good tools to analyse business data, today there a very few tools that provide an easy way to connect to systems and provide this information simply, in a single place. This ultimately means there are potential efficiency and asset optimisations go unnoticed and cost valuable time and money. We believe that solving this is critical for businesses with large estates and lots of physical assets that use a lot of energy, especially for Manufacturers, Supermarkets and large Facilities.

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