Proof of Usefulness Report

SpotDraft

Analysis completed on 1/30/2026

+706
Proof of Usefulness Score
Category Standard

SpotDraft is a high-growth, Series B funded Contract Lifecycle Management (CLM) platform with verified traction (approx. $14M+ ARR, $380M valuation, 700+ enterprise clients including Apollo.io and Panasonic). While the submission itself was low-quality (vague claims like 'technologies: leadership' and 'audience: everyone'), the underlying business is robust, technically advanced (VerifAI on-device processing), and highly relevant in the current legal-tech market. The score reflects strong real-world utility and traction, adjusted for the poor quality of the submission inputs.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+136.0
Technical Innovation+84.0
Evidence Of Traction+190.0
Market Timing Relevance+95.0
Functional Completeness+5.0
Subtotal+735
Usefulness Multiplierx0.96
Final Score+706

Project Details

Project URL
spotdraft.com
Description
SpotDraft is an AI-driven, end-to-end contract automation platform that helps organizations create, analyze, negotiate, sign, store, manage contracts seamlessly \u0026 keeps them updated on upcoming actions.\n\nWe’re currently actively expanding our footprint in India, US, Canada, UK \u0026 Singapore. SpotDraft is used by big brands such as Nomura \u0026 HDFC, as well as fast-growing global startups like PhonePe, UnAcademy, Cred, Chargebee \u0026 many more. The company is backed by top investors like 500 Startups, Singapore Angel Network \u0026 successful entrepreneurs such as founders of Flipkart \u0026 Freshworks, amongst others. \n\n*SpotDraft is an equal opportunity employer.

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