Proof of Usefulness Report

Tyk

Analysis completed on 2/17/2026

+734
Proof of Usefulness Score
Category Standard

Tyk is a verified Series C API management platform with significant enterprise traction (clients include Starbucks, Domino's, Sephora) and strong technical standing (Gartner Magic Quadrant challenger). While the project itself is high-utility and widely adopted with over $35M in funding, the submission quality was poor, providing vague claims ('everyone', 'most people') and confusing financial metrics ('marketcap: 17000000'). The score reflects the high real-world value and verified market position, adjusted downward significantly for the lack of specific 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+225
Audience Reach Impact+136
Technical Innovation+162
Evidence Of Traction+180
Market Timing Relevance+90
Functional Completeness+5
Subtotal+798
Usefulness Multiplierx0.92
Final Score+734

Project Details

Project URL
tyk.io
Description
Tyk is a leading API Management Platform. The internet started by connecting mainframes, by the end of the 20th century 600m desktop and laptop computers exchanged email and web-traffic. Today around 15 billion “things” are connected to the internet, growing at a rate of a billion per year. Tyk are committed to enabling interconnectivity between systems and devices Tyk is an open source API Gateway that is fast and scalable, an API management platform featuring an API gateway, analytics, developer portal and dashboard. Available to install on premises, as a cloud service, or hybrid.

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