Proof of Usefulness Report

Snowbit

Analysis completed on 1/30/2026

+582
Proof of Usefulness Score
Industry Mainstay

Snowbit is a legitimate cybersecurity venture launched in 2022 by Coralogix, a Series-C funded observability platform. While the submission data provided was of extremely poor quality (claiming 'everyone' as the audience and 'most people' as users), external verification confirms high real-world utility, a strong technical foundation (MXDR/SIEM integrated with Coralogix Streama), and leadership by former AWS executives. The project benefits from the established traction of its parent company (2,000+ customers) but is penalized in this evaluation for the inaccurate claims made in the submission form.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+7.0
Technical Innovation+12.0
Evidence Of Traction+7.5
Market Timing Relevance+9.0
Functional Completeness+0.25
Subtotal+58.25
Usefulness Multiplierx1.00
Final Score+583

Project Details

Project URL
Description
Snowbitis in the Cybersecurity Industry

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