Profitero, a SaaS provider of online insights and e-commerce intelligence for retailers and brands, has raised $8 million from Polaris Partners.
It will use the funds to double its 40-strong engineering team and expand its presence in North America and abroad. Profitero says it want so be the “Nielsen for online global retailers and brands.”
It currently has Staples, Sam’s Club, Waitrose and Ocado as customers, monitoring over 220 million prices in near real-time.
The company also appointed Iran Salim, former CEO of MarkMonitor, to its board.