Friday, May 14, 2021

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Torii: Raises $10M in Series A Funding

  • Torii, a NYC-based enterprise Software-as-a-Service (SaaS) management company, closed a $10m Series A financing round
  • The round led by Wing Venture Capital with participation from existing investors Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital
  • The company intends to use the funds to expand its engineering and data science teams in Israel and commercial teams in the US
  • Torii provides an enterprise class Software-as-a-Service (SaaS) management solutions for companies to make accurate intelligence-driven decisions relating to software usage, spend and compliance
  • Torii is currently monitoring and optimizing more than $1 billion in total software spend and more than $4 billion in total transactions
  • The company is also developing new intelligence features including automatic software recommendation, compliance readiness and cost allocation

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