
Freeing Returns
Gen AI Total Retail Loss platform that helps Retailers optimize profits and reduce known losses.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
$3.7m | Seed | ||
Total Funding | 000k |
Related Content
LILLII RNB Inc is an Enterprise Solutions company that specializes in Enterprise SaaS Solutions, with a focus on Retail Technology for Point of Sale systems and Profit Optimization/Loss Prevention. Through our software platform, Freeing Returns is a loss prevention platform that helps Retailers detect and prevent Total Retail Loss due to fraud, shrink and operational inefficiencies with AI and proprietary Retail Loss focused algorithms. We have productized our System Integration efforts over the past 8 years into an Enterprise SaaS recurring revenue model. Our Freeing Returns™ platform allows us to show how to recover losses that are normally written off in the "Known Loss" category.
For the past 7 years, our primary customer were Fortune 500 Retailer. Due to COVID-19, and the impact its had on the Retail sector, we lost over 50% of clients. For that reason, we had to pivot and provide IT Staffing and Custom software development for new Innovative technologies like Blockchain, Cloud Consulting, IOT, AI/ML, Robotics and Big Data. We also have focused on our proprietary Freeing Returns SaaS-based product to repurpose it for other industries outside of Retail. We have focused on Government Agencies within the Dept of Defense and are applying for the STTR program. The Air Force is considering our application for Enemy detection.