Torii is a leading SaaS (Software as a Service) management platform designed to help organizations gain visibility, control, and optimization over their software applications. The platform assists businesses in managing their SaaS portfolio, automating workflows, monitoring usage, and optimizing costs associated with software expenditures. By providing insights into software utilization and spending, Torii enables companies to make informed decisions about their SaaS investments.
Torii was founded in 2018 by Alon Cohen, who previously co-founded the security startup SaaSOptics. The company's vision emerged from the challenges many organizations face in managing numerous SaaS applications, particularly concerning visibility and financial control. Since its inception, Torii has experienced significant growth, leveraging the increasing adoption of SaaS solutions across industries, which has driven demand for effective management solutions.
Series A Funding: In 2020, Torii raised a significant $3 million in a Series A round led by additional funding from investors such as FJ Labs and Cohen Ventures.
Series B Funding: In 2021, Torii raised $10 million in Series B funding, attracting attention from venture capital firms due to its strong market presence and growth potential.
SaaS Discovery: Automatically identifies applications in use within the organization, providing visibility into the SaaS landscape.
Cost Management: Offers insights into spending on software, helping organizations identify unused licenses and areas for potential savings.
Usage Analytics: Tracks application usage patterns to assess which tools are being effectively utilized and which may be underused.
Automated Workflows: Facilitates the onboarding and offboarding processes for employees, automating licensing requests and approvals.
Integration Capabilities: Supports integration with a wide array of applications, enhancing workflow efficiency and data sharing.
