CHICAGO – April 28, 2026 – Today, Axonet, the C-store Retail Media Network, announced that it has entered into a letter of intent to acquire RightSense AI, a provider of AI-driven analytics solutions that support data-informed decision-making. The proposed acquisition includes RightSense’s Fusion AI platform, technology, team, and customer base, which would be integrated into the Axonet organization upon close.
The transaction supports Axonet’s long-term vision to become a Retail Intelligence, Media, and Measurement company, further strengthening its position at the intersection of retail media, data, and technology. By incorporating RightSense’s capabilities, Axonet will reinforce the AI foundation of its Adtech platform, Sophia AI, while also growing Axonet’s retail intelligence capabilities.
The acquisition also expands Axonet’s technical leadership with the planned appointment of RightSense CEO, Sangam Sangameswara, as Axonet’s first Chief Technology Officer. In this role, Sangam will lead Axonet’s technology strategy and innovation roadmap across AI, data science, and platform development.
“From the moment RightSense began working with Axonet last year, the strength of our synergy was unmistakable,” said Sangam Sangameswara, CEO and Co-Founder of RightSense. “This represents much more than strategic alignment – it reflects a shared vision for defining the next frontier of intelligence. Together, we are not just advancing technology; we are accelerating innovation to solve complex problems with greater speed, deeper precision, and a truly human-centered approach. I am thrilled to begin this next chapter together.”
Patrick Raycroft, CEO of Axonet, added: “RightSense’s innovative approach to incorporating AI agents into impactful decision-making has impressed us since Day 1 of working with Sangam and team. RightSense’s platform – along with their great team – bolsters Axonet’s RMN aggregation vision with AI Adtech that accelerates our growth tremendously. We couldn’t be more excited to have the RightSense team onboard and look forward to exposing Sophia AI to customers in the second half of this year.”
The proposed transaction is subject to the execution of definitive agreements and customary closing conditions and is expected to close in the second quarter of 2026.
About Axonet
Axonet improves shopper experiences and omnichannel marketing performance transparency by aggregating and normalizing store, SKU, and loyalty purchase data at scale across a nationwide network of C-store retailers. We facilitate an improved value exchange between retailers, CPG brands, and the difficult to reach audience of high frequency, impulse-driven, and immediate consumption convenience guests. Axonet is the aggregated retail media network, purpose-built for the convenience industry. For more information about Axonet, visit us at axonet.io.
About RightSense AI
RightSense offers automated Data Stories integrated with chat powered by large language models such as GPT-4 and delivers dynamic, actionable insights for Key Performance Indicators (KPIs). By automating the detection of outliers and anomalies, we improve organizational data literacy, productivity, and enable informed decision-making and eliminate limitations of traditional dashboards. Using historical, real-time transactional, and relevant external data such as weather, foot traffic, RightSense delivers actionable insights as well as AI/ML models to optimize specific business goals, and timely alerts & notifications specific to users based on role.
Media Contact:
Diane Frechette
info@axonet.io