$9 Million for AI-Based Retail Platform Profitmind

Accenture Ventures, the consulting giant's investment arm, has given its backing to Profitmind, an agentic AI decision intelligence platform built for retail teams, as part of a $9m seed round. The funds will fuel global scaling of the platform, recruitment and further extension of platform capabilities.

Profitmind replaces manual retail planning and analysis cycles with a single platform delivering 'prioritized, financially grounded' recommendations across areas including pricing, inventory and assortment. Users are given a ranked set of recommended actions, each linked to expected impact on sales, profit and working capital. Once approved, decisions are exported into execution tools, with results tracked inside the AI decision intelligence platform and used to improve future recommendations. Sectors already making use of the platform include apparel, footwear, auto parts and home goods.

CEO and co-founder Dr. Mark Chrystal (pictured) comments: 'Retail teams are not short on data, but they are short on time and decision-making confidence. This investment allows us to scale a platform that replaces days of manual work with clear, strategy-aligned recommendations teams can act on immediately with predictable outcomes.'

Led by Accenture Ventures, the round was joined by new investor Thorndale Farm, Inc., together with returning backers including Magarac Venture Partners; AI Fund, led by Profitmind Chairman Andrew Ng; and Lightscape Partners - as well as individual investors including board member Mario Ciampi, former President of Disney Store and former COO of The Children's Place.

The firm is based in Pittsburgh and is online at www.profitmind.com .