Proof of Usefulness Report

Invitae

Analysis completed on 1/23/2026

+60
Proof of Usefulness Score
You're In Business

Invitae is a well-known genetic testing company that established significant utility and served millions of patients. However, the company filed for Chapter 11 bankruptcy in February 2024 and sold its assets to Labcorp, indicating a failure of the standalone business model. This submission contains verifiable falsehoods (claiming 'most people' have used the product), irrelevant tags ('energy-solutions'), and lazy data entry ('marketcap: null'). While the technology possesses high intrinsic utility, the combination of business failure (bankruptcy) and extremely low-quality submission data severely penalizes the score.

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Score Breakdown

Real World Utility+90
Audience Reach Impact+50
Technical Innovation+80
Evidence Of Traction+80
Market Timing Relevance+20
Functional Completeness+10
Subtotal+51.75
Usefulness Multiplierx1.15
Final Score+60

Project Details

Project URL
Description
Invitae is a leader in medical genetic testing, driving genetic information into mainstream medicine to improve healthcare for billions of people. Invitae is aggregating the world's medical genetic tests into a single service with higher quality, faster turnaround time, and lower prices. By driving down the cost of genetic testing we make it affordable and accessible to everyone who can benefit. Our dedication to our mission is fueling explosive growth, with both our test volume and revenue doubling year-over-year for the past four years. Our team has grown from 300 employees to more than 1,000 in just two years and we have helped hundreds of thousands of patients get the answers they need. \n \nWhy medical genetics? Within each of us lies information coded in our DNA that can transform our health. Unlocking those answers to make medicine more personalized requires highly specialized, multidisciplinary collaboration. Our platform is setting the standard for the exploding medical genetics industry by harnessing the power of advanced technologies – robotics, artificial intelligence, machine learning, software engineering – and world-class genetic expertise. We provide genetic information that guides decisions for patients facing a vast array of health questions, from ultra-rare diseases and the most common cancers to starting a family. \n\nThe team driving our mission thrives in a culture designed to enable innovation at scale. We are grounded in freedom with responsibility and a universal sense of urgency and ownership. Employees are empowered to speak up, try new things and make decisions that push us forward. We provide all employees with opportunities to grow and advance, supported by flexible work hours, unlimited paid time off, the ability to work anywhere for many roles and the satisfaction of doing meaningful work. \n\nEach day at Invitae means driving forward toward a new era in which everyone can have their health decisions guided by genetics.

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