Torii raised $10 million in a Series A financing round to automate software management in the enterprise. The financing was led by Wing Venture Capital together with the company's existing investors Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital. Wing VC Partner Jake Flomenberg is also joining Torii's Board of Directors.
With the Series A fuding Torii will expand its engineering and data science teams in Israel and commercial teams in the US.
Round: Series A
Investor: Wing Venture Capital
Additional Investors: Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital
Company Website: https://www.toriihq.com
Software Category: IT Management Software > Cloud Cost Management Software
About the company: Torii is the most advanced SaaS platform on the market. Discover, optimize, and control your organization’s SaaS usage and cost. Torii is a cloud-based software that helps organizations manage licenses, vendors and users across a variety of applications including communication, identity management, CRM, HR, finance, accounting, marketing and more. Uses 23 technology products and services. Torii’s revenues grew 400% year-over-year in 2020, currently monitoring and optimizing more than $1 billion in total software spend and more than $4 billion in total transactions.