Proof of Usefulness Report

PetaGene

Analysis completed on 1/27/2026

+558
Proof of Usefulness Score
Industry Mainstay

PetaGene is a high-value genomic data compression company acquired by Storj in Oct 2024. While the submission quality was extremely poor (lazy text), the project itself has won multiple Bio-IT World awards and solves a critical infrastructure bottleneck for pharmaceutical giants. The score reflects the verified high utility, technical innovation, and successful exit (traction), heavily penalizing the low-effort submission.

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Score Breakdown

Real World Utility+168.75
Audience Reach Impact+40.00
Technical Innovation+101.25
Evidence Of Traction+178.13
Market Timing Relevance+42.50
Functional Completeness+1.25
Subtotal+531.88
Usefulness Multiplierx1.05
Final Score+558

Project Details

Project URL
petagene.com
Description
PetaGene provides transparent genomic compression, making clinical diagnostics speedier and more affordable, and enabling researchers across the world to move faster and store more of their sequenced data than ever before.\n\nGenetic Sequencing is poised to become a routine part of clinical diagnostics, with many leading hospitals already adopting Precision Medicine initiatives. As the cost of whole genome sequencing has fallen from $300 mil in 2003 to about $600 today, it has unleashed a flood of genomic data, making IT challenges a critical pain point for adoption.\n\nPetaGene empowers leading biopharma, academic and other researchers in their ability to investigate cancer, rare diseases and develop early warning diagnostics.\n\nhttp://www.petagene.com/wp-content/uploads/2017/10/PetaSuite-datasheet.pdf

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