Sourcing Journal: Series A Announcement
‘Built for Retailers by Retailers’: Profitmind Raises $9 Million to Scale AI Decision Making
A longtime retail operator-turned-tech CEO is betting that agentic AI can replace spreadsheet-heavy planning by turning market data into weekly, profit-linked merchandising decisions.
“Built for retailers by retailers,” touts CEO and co-founder Dr. Mark Chrystal, regarding agentic AI-powered retail decision intelligence platform Profitmind which has raised $9 million in a Series A financing round led by Accenture Ventures.
The funding will be used to scale the platform to more retailers globally, expand its product capabilities and hire additional staff.
See how Profitmind can supercharge your business
Discover More
How To Choose Retail Automation Solutions For Merchandising And Planning Teams
Learn how merchandising and planning teams should evaluate retail automation solutions for pricing, inventory, assortment, and forecasting, with pilots and scorecards.
A Retail Automation Software ROI Model For Pricing And Inventory Decisions
Use a practical ROI model for retail pricing and inventory automation. Quantify margin lift, stockout and markdown gains, cash impact, TCO, and payback.
