Proof of Usefulness Report

Ping Identity

Analysis completed on 2/16/2026

+641
Proof of Usefulness Score
Category Standard

The submission refers to 'Ping Identity' (merged with ForgeRock), a massive enterprise identity security provider with ~$800M in annual recurring revenue and over 8 billion identities managed. While the real-world utility, reach, and traction of the actual entity are exceptional (top-tier enterprise scale), the submission itself was of extremely low quality—containing incorrect financial data ($300M market cap vs. ~$5B+ actual valuation), lazy technical descriptions ('Computer Software'), and generic claims. The final score reflects the high intrinsic value of the verified entity, heavily penalized by the poor quality of evidence provided in the application.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+237.5
Audience Reach Impact+160.0
Technical Innovation+63.8
Evidence Of Traction+142.5
Market Timing Relevance+90.0
Functional Completeness+2.5
Subtotal+696.3
Usefulness Multiplierx0.92
Final Score+641

Project Details

Project URL
pingidentity.com
Description
On August 23, 2023, Ping Identity and ForgeRock joined together to deliver more choice, deeper expertise, and a more complete identity solution for customers and partners. For more information, visit www.pingidentity.com or follow Ping Identity on social media. ForgeRock®, the leader in digital identity, delivers modern and comprehensive Identity and Access Management solutions for consumers, employees and things to simply and safely access the connected world. Using ForgeRock, more than a thousand global customer organizations orchestrate, manage, and secure the complete lifecycle of identities from dynamic access controls, governance, APIs, and storing authoritative data – consumable in any cloud or hybrid environment.

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