Proof of Usefulness Report

Oliveex

Analysis completed on 2/27/2026

+58
Proof of Usefulness Score
You're In Business

Oliveex is a verifiable industrial IoT (IIoT) startup based in Greece, offering useful Digital Twin and sensor solutions for the food and beverage industry. External search confirms the company raised approximately $300k in seed funding (March 2022) and has a valuation likely matching the submitted '2.5M' figure. However, the submission quality is critically low, with exaggerated claims ('everyone' audience, 'most people have used my product') that contradict the niche B2B reality. The score reflects a legitimate early-stage company with solid utility and technology, heavily penalized for a misleading and unprofessional submission.

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Score Breakdown

Real World Utility+20.0
Audience Reach Impact+3.0
Technical Innovation+9.75
Evidence Of Traction+12.0
Market Timing Relevance+7.5
Functional Completeness+0.5
Subtotal+52.75
Usefulness Multiplierx1.1
Final Score+58

Project Details

Project URL
Description
Oliveex IoT Platform uses modules that transform existing industrial equipment into virtual devices connected to the Cloud, resulting in a fully-featured IoT network with AI capabilities.

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