Velavu is a verifiable B2B IoT company based in Ottawa, offering legitimate asset tracking hardware and software. However, the project submission contains demonstrably false and low-quality data (claiming 'everyone' as the audience and 'most people' as users). While the technology (GPS + Mesh network) is useful and functional, the project is early-stage (unfunded, small team) and the submission fails to provide credible evidence of the claimed '17M market cap' or traction. The score reflects the reality of a small, functional startup severely penalized by a spam-quality submission.
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
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