Proof of Usefulness Report

Updater

Analysis completed on 2/17/2026

+710
Proof of Usefulness Score
Category Standard

Updater is a verifiable market leader (Unicorn status, ~$1B+ valuation) with massive reach (processing ~25% of US moves). The project solves a high-friction real-world problem with significant traction ($250M+ raised). However, the submission quality was exceptionally poor (generic username, incorrect revenue data, vague claims like 'everyone'), which significantly impacted the Response Quality score and reduced confidence in the specific claims, though the core business value is undeniable.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+144.0
Technical Innovation+52.5
Evidence Of Traction+237.5
Market Timing Relevance+95.0
Functional Completeness+5.0
Subtotal+771.5
Usefulness Multiplierx0.92
Final Score+710

Project Details

Project URL
updater.com
Description
Updater makes moving easier for the 11 million households that relocate every year in the US. With Updater, users seamlessly forward mail, transfer utilities, connect TV and internet, and much more. Thousands of the most prominent real estate companies in the US (from real estate brokerages to multifamily and relocation companies) rely on Updater’s real estate products to save clients hours with a branded and personalized Updater moving experience. Updater is a remote-first company headquartered in New York City and has raised over $250 million from leading investors, including SoftBank Capital, IA Ventures, Commerce Ventures, Second Century Ventures (the strategic investment arm of the National Association of Realtors®), and more. Updater has ranked on Crain's Best Places to Work in NYC in 2016, 2018, & 2021. For more information, please visit www.updater.com.

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