Proof of Usefulness Report

Parkable

Analysis completed on 1/27/2026

+633
Proof of Usefulness Score
Category Standard

Parkable is a well-established parking management platform (founded 2015) with verifiable traction (~60 employees, $8M+ revenue, 350k+ users), placing it significantly above the calibration baseline. However, the submission itself was of poor quality, containing hyperbolic claims ('everyone', 'most people') and inaccuracies ('space-technology'), which negatively impacted the Quality Factors. Despite the lazy submission, the project's real-world utility and verified market presence drive a high score.

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Score Breakdown

Real World Utility+270.0
Audience Reach Impact+120.0
Technical Innovation+72.0
Evidence Of Traction+157.5
Market Timing Relevance+95.0
Functional Completeness+5.0
Subtotal+719.5
Usefulness Multiplierx0.88
Final Score+633

Project Details

Project URL
parkable.com
Description
Parkable, accessible through its domain parkable.com, is a company that specializes in providing innovative parking solutions. It offers a platform designed to make parking more efficient and convenient for both individuals and businesses. Parkable's services include a mobile app that allows users to find, reserve, and pay for parking spaces in real-time, reducing the hassle of searching for parking. The company also provides solutions for businesses to manage their parking facilities more effectively, optimizing space usage and improving the overall parking experience. With a focus on technology and user-friendly interfaces, Parkable aims to transform the way people approach parking, making it more accessible and less stressful.

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