Profitmind, a Pittsburgh, PA–based agentic AI platform for retail decision-making, has raised $9 million in Series A funding.
Investors
The round was led by Accenture Ventures, with participation from Magarac Venture Partners, Lightscape Partners, Andrew Ng’s AI Fund, Thorndale Farm, Inc., and several individual investors, including Mario Ciampi.
Accenture Ventures is the corporate venture capital arm of Accenture, managing a $250 million fund with more than 70 active investments. It identifies, invests in, and engages with emerging technology companies whose products or platforms can solve strategic business challenges for Accenture’s enterprise clients and accelerate digital transformation at scale. Accenture Ventures makes strategic minority investments in early- and growth-stage tech companies developing software and platforms across AI, analytics, fintech, immersive learning, sustainability tech, and enterprise SaaS.
Profitmind Use of Funds
The company will use the funds to expand the platform to additional global retailers, grow product capabilities, and scale the team to support enterprise adoption.
About Profitmind
Founded by Dr. Mark Chrystal, Profitmind provides an agentic AI decision-intelligence platform for retail teams. The platform helps merchants, planners, and marketers move faster in a market that changes in real time. Its native agentic AI architecture unifies a retailer’s strategy, internal data, and external competitive signals to deliver prioritized, explainable recommendations across pricing, promotions, inventory, marketing, and assortment. Headquartered in Pittsburgh, Pennsylvania, Profitmind serves retailers across multiple verticals, including apparel, footwear, auto parts, and home goods.
Funding Details
Company: Profitmind
Raised: $9.0M
Round: Series A
Funding Date: February 2026
Lead Investor: Accenture Ventures
Additional Investors: Magarac Venture Partners, Lightscape Partners, AI Fund (Andrew Ng), Thorndale Farm, Inc., Mario Ciampi
Company Website: https://www.profitmind.com/
Software Category: AI / RetailTech / Decision Intelligence
Source: https://www.businesswire.com/news/home/20260224353292/en/