Proof of Usefulness Report

Spike

Analysis completed on 1/30/2026

+580
Proof of Usefulness Score
Industry Mainstay

Spike is a high-utility B2B Healthcare API aggregating data from 500+ wearables (Fitbit, Garmin, etc.) for digital health apps. While the submission itself was extremely poor (vague claims like 'everyone', 'null' revenue), external verification confirms the company raised $4.2M, serves 200+ customers (including Seguros SURA, FITTR), and connects ~1M users. The project scores highly on Utility, Innovation, and Traction based on reality, but is penalized significantly in Quality Factors due to the lazy submission.

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Score Breakdown

Real World Utility+180.0
Audience Reach Impact+84.0
Technical Innovation+102.0
Evidence Of Traction+170.0
Market Timing Relevance+72.0
Functional Completeness+2.5
Subtotal+610.5
Usefulness Multiplierx0.95
Final Score+580

Project Details

Project URL
Description
Spikeis in the Healthcare IT 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