Profitmind

About Profitmind

Profitmind provides an agentic AI decision intelligence platform designed for retail operators. The company was founded in 2022 by Dr. Mark Chrystal and Barney Govan, and it was incubated at Landing AI, an AI company founded by Andrew Ng, who now serves as Profitmind's Chairman. Dr. Chrystal, the CEO, brings 25 years of experience as a retail executive, holding roles such as Chief Analytics Officer at rue21, and has a doctorate in the application of AI for business transformation. This background was instrumental in shaping the company's mission to address the overwhelming data challenges faced by retail teams.

The platform is engineered to replace manual analysis with a system that delivers prioritized, financially-grounded recommendations. Every week, its suite of AI agents analyzes a retailer's internal data alongside external competitive signals to rank actionable decisions across pricing, promotions, inventory, marketing, and assortment. These agents, which include modules for Data Load, Strategy, Competitive Intelligence, Pricing, and Inventory, are designed to work cohesively, ensuring all recommendations align with the retailer's strategic goals. The objective is to enable merchants, planners, and marketers to make faster, higher-confidence decisions that drive measurable outcomes, such as profit improvement and savings in manual work hours.

Based in Pittsburgh, Profitmind has garnered significant investor interest. After a seed round in 2022, the company announced a $9 million Series A financing round in February 2026, led by Accenture Ventures. The funding is intended to scale the platform globally, enhance product capabilities, and expand the team. Profitmind serves a wide range of retailers, from those with $20 million in revenue to enterprises exceeding $100 billion, across verticals like apparel, footwear, auto parts, and home goods. The company has also formed strategic partnerships, including one with Microsoft to offer its platform on the Microsoft Marketplace and Azure, simplifying enterprise adoption.