Highlights
- RocketBoots raises $1 million in a well-supported Placement to new and existing sophisticated investors
- Funds will be used to support sales and customer initiatives with respect to executing the Company’s international expansion strategy
- The Company is at an inflection point in building momentum and scaling the business to secure significant share in global retail grocery and banking markets.
Artificial Intelligence software company RocketBoots Limited (ASX:ROC) (RocketBoots or the Company), is pleased to announce that is has raised $1 million to support sales and customer initiatives with respect to executing the Company’s international expansion strategy.
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Commenting on the Raise and Focus on International Expansion, RocketBoots Chief Executive, Joel Rappolt, said:
“The Company is pleased with the level of support from existing shareholders and welcomes several new shareholders to the register.
RocketBoots leverages AI Computer Vision technology to deliver powerful loss prevention and workforce optimisation solutions to our enterprise customers.
The Company is now at an inflection point in building momentum and scaling the business to secure significant share in global retail grocery and banking markets.”
For further information, see RocketBoots ASX Release at:
https://bit.ly/48bCfNk
Media and Investor inquiries to:
Elvis Jurcevic
Investor Relations
ej@irxadvisors.com
+61408 268 271
Joel Rappolt
Chief Executive Officer
investors@rocketboots.com
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About RocketBoots
RocketBoots leverages AI Computer Vision technology to deliver powerful loss prevention and workforce optimisation solutions to Retail Grocery and Banking enterprise customers.
ROC's AI-powered SaaS platform is a powerful tool that empowers retailers and retail banks to swiftly and effectively adapt their front-of-house operations to meet the ever-evolving needs and preferences of their customers. This enables businesses to be the best they can possibly be in terms of optimising their staffing costs, customer service & loss prevention. Key problems areas our software helps retailers address are:
- Rising Theft at Self-Checkout and Registers: This issue directly impacts a retailer's profitability by reducing revenue and increasing costs associated with loss prevention measures.
- Repeat Offender Theft: Repeat offenders pose a significant threat to shrinkage and profitability, as they often have sophisticated methods of avoiding detection.
- High Costs of Staffing Checkout Areas: The cost of staffing checkout areas can be a substantial expense for retailers, especially during peak hours or in high-traffic locations.
- Customer Service Volatility: Inconsistent customer service can lead to customer abandonment, decreased loyalty, and reduced repeat sales, negatively impacting a retailer's bottom line.
