Proof of Usefulness Report

Nyriad

Analysis completed on 1/26/2026

+30
Proof of Usefulness Score
You're In Business

Nyriad developed a technically innovative GPU-accelerated storage system (UltraIO) that solved genuine problems in data resilience and performance. However, the company failed to achieve commercial viability and entered an 'orderly wind-down' in July 2024. The submission contains significant inaccuracies, such as claiming 'most people have used my product' and an audience of 'everyone,' which contradicts the reality of a niche enterprise hardware startup with minimal pilot sales. While the technical merit is high, the project's commercial failure and the low quality of the submission data result in a low overall score.

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Score Breakdown

Real World Utility+60
Audience Reach Impact+2.5
Technical Innovation+85
Evidence Of Traction+2.5
Market Timing Relevance+20
Functional Completeness+5
Subtotal+31.125
Usefulness Multiplierx0.96
Final Score+30

Project Details

Project URL
Description
A New Era of Data Storage Has Arrived. Combining the power of GPUs and CPUs to achieve unprecedented capacity, reliability and security, Nyriad is disrupting conventional thinking of current storage architectures.\n\nOur Purpose is that we build the very best storage controller. Our product provides storage without compromise and we make every bit count. You’ll experience this through large scale, high performance and leaders in reliability, resilience and accuracy.\n\nAt Nyriad we have a culture that values fairness and equal opportunity, consistency and continued improvement, endlessly growing ourselves and Nyriad by reimagining traditional through unconventional solutions. Take a look under the hood and you’ll find a heart to this business that puts people first. We strive to make all of this stick by honouring what we say we value: you’ll find a transparent published career framework that describes what success looks like to get to where you want to go, and a people cycle in place to ensure those important conversations are prioritised. You’ll find a set of organization and workflow patterns and a corresponding set of tools. There is a strong history of developing our talent internally, including internal promotions, while endlessly striving to place our revolutionary ideas into the mainstream. Our culture is an eclectic mix of number 8 wire, diversity of thought and influence of Silicon Valley.\n\nOur values\nThese are not words written on a wall or only talked about during your onboarding. These are weaved throughout Nyriad’s fabric and are reflective of the practices and actions you’ll see everyday from our team. Our values are an evolution of the journey we have been on and the road we are yet to travel. \n\nInnovative\nFinding new, better, more efficient ways to do everything we do\n\nCustomer Focused\nPutting our customers first\n\nFair, honest, transparent demonstrating integrity in everything we do\nDoing the right thing for our customers, partners, supplier\n

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