Proof of Usefulness Report

MedCrypt

Analysis completed on 1/6/2026

+678
Proof of Usefulness Score
Category Standard

MedCrypt is a highly established, Series B funded company ($44M+ raised) securing medical devices for 8 of the top 10 global manufacturers. The project has exceptional real-world utility, critical market timing due to new FDA cybersecurity mandates (Section 524B), and strong technical validity. However, the submission itself was of very low quality, containing vague claims ('everyone') and inaccurate traction statements ('most people have used my product'). While the company's actual metrics would merit a near-perfect score, the lack of substantiating evidence in the submission and the lazy response quality significantly reduced the final Proof of Usefulness score through the Quality Factors.

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Score Breakdown

Real World Utility+23
Audience Reach Impact+8
Technical Innovation+13
Evidence Of Traction+11
Market Timing Relevance+10
Functional Completeness+0
Subtotal+67
Usefulness Multiplierx1.0
Final Score+678

Project Details

Project URL
Description
MedCrypt, accessible via their domain medcrypt.co, is a company that specializes in providing cybersecurity solutions for the healthcare industry. They focus on securing medical devices and ensuring the protection of sensitive health data. MedCrypt offers a range of services including encryption, authentication, and monitoring tools designed to safeguard medical devices from cyber threats. Their solutions are aimed at helping medical device manufacturers and healthcare providers comply with regulatory standards and protect patient safety by preventing unauthorized access and data breaches.
Audience Reach
everyone
Target Users
everyone
Technologies
Healthcare Tech, Cybersecurity Services-And-Products, Data Privacy-And-Compliance
Traction Evidence
most people have used my product

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