Valectric AB is a legitimate but small Swedish engineering consultancy (est. 2019) focusing on IoT production testing and VR/AR data visualization. However, the project submission is of extremely low quality, containing vague, unsupported, and exaggerated claims (e.g., audience reach: 'everyone', traction: 'most people have used my product'). The reported 'marketcap: 500000' likely refers to ~500k SEK in annual turnover or share capital, indicating a micro-business scale. While the underlying business has valid B2B utility, the lack of verifiable evidence and the confusing submission data result in a minimal Proof of Usefulness score.
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Score Breakdown
Project Details
Algorithm Insights
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