360pi, an Ottawa, Ontario, Canada-based provider of retail price intelligence solutions, raised $US4.1m in financing.
Backers included Texas-based Silverton Partners and other investors. In conjunction with the funding, Morgan Flager, Silverton Partners, joined 360pi’s Board of Directors.
The company intends to use the funds to grow the business.
Led by Alexander Rink, CEO, 360pi monitors and reports on competitive prices for exact and similar product matches for North America’s large retailers, including Ace Hardware, Best Buy Canada and Overstock.com and is obtaining interest from business partners such as IBM’s Smarter Commerce team, with which the company is delivering an integrated price optimization/price intelligence solution.