FloorFound is a B2B recommerce and reverse-logistics platform designed to help retailers (especially in bulky/oversized categories like furniture) recover value from returns, open-box, and closeout inventory. The company’s public positioning emphasizes:
- Orchestration of the return process from pickup through inspection/processing, pricing/merchandising, and resale/fulfillment.
- Use of a distributed network of warehouse hubs and third-party logistics providers intended to reduce transit distance and enable localized resale.
- Software-assisted dispositioning and pricing; a component branded as RecoverAI is described as supporting recovery prediction and routing.
On FloorFound’s current homepage, RecoverAI is presented as a workflow where a customer experience team submits a return request, the system predicts recovery, schedules pickup, routes to a reseller, and tracks payout. The site states that retailers could achieve improved revenue recovery on returns; the methodology for this figure is not disclosed.