Torii, a New York-based #1 Automated SaaS Management Platform (SMP), announced that it raised $50 million in Series B financing led by Tiger Global Management, bringing its total funding to $65 million.
Previous investors including Wing Venture Capital, Global Founders Capital, Uncork Capital, Entree Capital, and Scopus Ventures also participated in the round.
Torii’s funding will be used to scale go-to-market teams in the U.S. and development and engineering teams in Israel, all focused on Torii’s singular vision: to create the one software to manage all software.
Company: Torii Labs Ltd.
Raised: $50.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Tiger Global Management
Additional Investors: Wing Venture Capital, Global Founders Capital, Uncork Capital, Entree Capital, and Scopus Ventures
Company Website: https://www.toriihq.com/
Software Category: Automated SaaS Management Platform (SMP)
About the Company: Torii is the #1 Automated SaaS Management Platform (SMP) for today’s increasingly distributed, decentralized businesses. Unlike conventional tools, Torii empowers an organization’s entire business to come together around their cloud apps and stay in perfect sync as their tech stack evolves. This accelerates innovation while eliminating millions of dollars in wasted licenses, hundreds of hours spent on manual operations, and protecting sensitive data flowing through known and Shadow IT apps. Torii’s customers include Carrier Corporation, Instacart, Bumble, Athletic Greens, Palo Alto Networks, and Payoneer.
Source: https://www.businesswire.com/news/home/20220202005242/en/