Proof of Usefulness Report

IoThink Solutions

Analysis completed on 2/27/2026

+535
Proof of Usefulness Score
Industry Mainstay

IoThink Solutions is a verified, established B2B IoT platform acquired by Wireless Logic in 2022, demonstrating significant real-world utility and market validation. However, the project submission itself (under the name 'IronFang') contains extremely low-quality data, including hyperbolic claims ('audienceReach: everyone', 'evidenceOfTraction: most people have used my product') and inconsistent metrics (team size 125 vs ~20 verified). The score reflects the high underlying value of the technology and its acquired status, heavily penalized by the poor quality of the specific submission data provided.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+5.0
Technical Innovation+11.25
Evidence Of Traction+13.5
Market Timing Relevance+8.0
Functional Completeness+0.5
Subtotal+59.5
Usefulness Multiplierx0.90
Final Score+535

Project Details

Description
IoThink Solutions is an international software editor specialized in IoT/M2M platforms and expert in integration. Launched in 2016, the company has created the most innovative IoT solution to control your devices, monitor your fleet and analyze your data. This IoT toolset is called « KHEIRON IoT Suite » and includes: - KHEIRON Studio: An intuitive IDE to create your own use cases and access public libraries of devices and dashboards. - KHEIRON Service Platform (web version): An interoperable IoT platform to control your fleet of devices and analyze your data. - KSP Mobile: The KSP web counterpart for mobile devices, it is available both on iOS and Android. It is the perfect tool to send commands at any time, from anywhere. In addition, KHEIRON IoT Hub (middleware) facilitates the management of information flows from different sources and allows integrators to interconnect them with their own internal solutions under a single data format. More than 3000 professionals work with our IoT solutions. From SMBs to bigger corporations (Engie, SNCF, Vinci, etc...), they trust us to provide the best-connected solutions that fit their needs. Why choose our IoT suite and work with us? Our platform has been designed to « Make IoT Simple » : - It allows to easily create a Go-to-market solution in less than 5 days - It is interoperable: the platform can adapt to any type of sensor or machine, any use case and any type of connectivity (Sigfox, LoRaWAN, NB-IoT, LTE-M, GSM, Wifi, etc.) - It is scalable (it will work either for PoC or high volume projects) - It is cost-efficient (it helps you save money with the low entry fees and the Pay-As-You-Go policy) - It can address various markets such as: Smart Building, Smart Industry, Smart City, Smart Energy and others. - Full White Label available (customizable under your own brand) IoThink Solutions can assist you in setting up the deployment of your IoT project. Contact us for more information or to request a live demo.

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