Netail.ai is a technology company that provides AI-driven analytics and optimization solutions for the retail industry. Their platform enables retailers to automatically identify competitors across the internet, track their assortments and availability, and optimize prices in real time. This approach helps retailers attract and convert more customers without compromising brand values.
In September 2023, Netail introduced "profitmind," an AI analyst designed to find sales and profit improvements by analyzing retail prices, assortments, inventory, and competitors. Profitmind automates retail business analysis to identify revenue, profit, and working capital opportunities continuously. Netail was co-founded by Dr. Mark Chrystal, who serves as CEO, and Barney Govan, Head of Engineering. The company has received investments from AI Fund, led by Dr. Andrew Ng, and Magarac Venture Partners. In November 2022, Netail closed a $5 million seed funding round co-led by Magarac Venture Partners and AI Fund. This funding aimed to enhance their product offerings and expand their team of retail, AI, and software engineers.
Netail is headquartered in Pittsburgh, Pennsylvania, with a presence in Palo Alto, California. The company also plans to expand into the APAC region by opening an office in the Hong Kong Science & Technology Park.
Robert servers as an advisor to the CEO.
