Proof of Usefulness Report

Parseable

Analysis completed on 1/27/2026

+67
Proof of Usefulness Score
You're In Business

Parseable is a verified, venture-backed ($2.75M Seed from Peak XV) open-source log observability platform with ~2.3k GitHub stars. It offers high real-world utility by using a modern Rust/Parquet architecture to reduce logging costs. However, the project submission was extremely poor, containing patently false claims (reach: 'everyone', traction: 'most people') and lacking data. The final score acknowledges the project's legitimacy and market potential while strictly penalizing the inaccurate submission and confirming its early-stage status (users < 50k).

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+4.80
Technical Innovation+12.75
Evidence Of Traction+15.00
Market Timing Relevance+9.00
Functional Completeness+0.25
Subtotal+63.05
Usefulness Multiplierx1.06
Final Score+67

Project Details

Project URL
Description
Parseableis in the DevOps Industry

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